556 N 1st St - Medical FOR SALE


San Jose, CA 95112
$2,995,000 USD
408-421-4703
556 N 1st St, San Jose, CA for Sale
$2,995,000 USD
Medical - FOR SALE
1/15
null | Request Cap Rate

556 N 1st St
San Jose, CA 95112


HIGHLIGHTS

  • Exceptional Owner-User Investment Opportunity - Investors have the opportunity to acquire a well-situated asset located in San Jose, California.
  • Medical Office Buildout - The subject property consists of 2 units that have been retro??tted for a dental office with a laboratory.
  • Prime Downtown San Jose Location - Renters bene??t from close proximity to high end shopping, dining and entertainment options in Downtown San Jose.
  • Tenants are located within convenient access to many nearby city attractions such as Cathedral Basilica of St. Joseph, SAP Center, and more.
  • Convenient Access to Transportation Corridors - Including Interstate 680, Interstate 280, California Highway 87, U.S. 101.

OVERVIEW

556 N 1st St is a stunning medical office owner-user investment opportunity located in the thriving downtown area of San Jose, California. Situated on a parcel of land totaling 9,822 square feet, the subject property features a gross building area of approximately 8,350 square feet. The subject property had undergone significant improvements in 2020 and consists of 4 units with end-suite restrooms for each. Additionally, 2 units have existing buildouts for a dental office with a laboratory. Per City of San Jose, tenants are responsible for obtaining the requisite permit(s) to operate their respective businesses. Zoning on the property is Commercial Pedestrian (CP) which has many permitted uses for most offices and financial services including medical offices, general services, among many others with the intention to support pedestrian-oriented retail activity at a scale compatible with surrounding neighborhoods. Buyer to verify. Nestled by Japantown, the Hensley Historic District, and Downtown San Jose, tenants at 556 N 1st St have convenient access to the various amenities, restaurants, and entertainment options that the city has to offer. The property is also situated close to California Highway 87, providing easy access to the rest of the city as well as the greater San Francisco Bay Area. The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the South Bay, 556 N 1st St presents an attractive choice for investors due to its close proximity to downtown, major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CP

APN/PARCEL ID

249-43-083

ASK ABOUT THIS PROPERTY

Andres LopezMarcus & MillichapMore Info
408-421-4703

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Andres LopezMarcus & MillichapMore Info
408-421-4703

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.