885-889 S 1st St - Storefront FOR SALE


San Jose, CA 95110- Washington-Guadalupe
$4,600,000 USD
650-425-6418
885-889 S 1st St, San Jose, CA for Sale
$4,600,000 USD
Storefront - FOR SALE
1/22
null | 7.39% Cap Rate

885-889 S 1st St
San Jose, CA 95110
Washington-Guadalupe


HIGHLIGHTS

  • High profile location on signalized corner
  • Residential units are all fully furnished
  • Easy to manage building with all tenants current on rent
  • Both the residential and commercial units are highly improved

OVERVIEW

HEART OF SAN JOSE - 2 BUILDING OFFERING - 100% LEASED MIXED USE PROPERTY - 5 RESIDENTAIL UNITS & 3 COMMERCIAL UNITS 1. Combined building size is 7,250 square feet (5,250 sf & 2,000 sf) 2. Buildings must be sold together 3. Cap rate on 889-899 S. First Street is 7.20% 4. Cap rate on the smaller 885 S. 1st Street building is 7.90% 5. Prime signalized corner 6. Excellent 1031 Exchange property and long term investment 7. All apartments are on a month to month lease basis 8. The Fitness tenant lease ends in 9/31/2026 & the Event Space lease expires 9/30/2029 9. Buyer has the right to terminate the long term leases within 90 days of purchasing the property 10. The investment could be an excellent development opportunity

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$634 USD /SF

CAP RATE

7.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased Mixed Use Property-7.39% Cap Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

MUC -Mixed Use Commercial

APN/PARCEL ID

264-36-074

ASK ABOUT THIS PROPERTY

Lloyd BakanAvison YoungMore Info
650-425-6418

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Lloyd BakanAvison YoungMore Info
650-425-6418

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