947-957 Park Ave - Storefront Retail/Residential FOR SALE


San Jose, CA 95126
$1,545,000 USD
510-398-1027
947-957 Park Ave, San Jose, CA for Sale
$1,545,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 5.61% Cap Rate

947-957 Park Ave
San Jose, CA 95126


HIGHLIGHTS

  • Fantastic, Mixed-Use Investment or Owner/User Opportunity
  • 3 Residential Units + 2 Ground Floor Retail Spaces
  • Walkable Sunol-Midtown Location with Great Transportation Access

OVERVIEW

Fantastic opportunity for an owner-user looking for a prime retail space or investor searching for a low expense building, with high historic occupancy, immediate cash flow, and upside potential. New roof. Prime commuter location in the Sunol-Midtown neighborhood. Minutes from I-880, I-280, and Highways 87 & 17. This opportunity is walking distance to just about everything (94 Walk Score & 86 Bike Score) and minutes from 5 major rail stations. The subject property is also less than a mile away from Valley Fair, Santa Row, a plethora of restaurants, and grocery stores. Downtown San Jose is only a 25 minute walk and a 5 minute drive away, where a number of dinning, entertainment, and shopping options can be found. The subject property features 3 residential units that include: (2) 1-bedroom, 1-bathroom units, (1) 2-bedroom, 1-bathroom unit, and approx. 2,200 SF of ground floor retail, split between two suites. Many upgrades were completed throughout the years, including upgraded electrical, 2018 retail upgrades (floors & AC), new water heaters, and more. There is a back structure that may be perfect for potential ADU conversion. The structure has plumbing, which could also generate immediate income through laundry. Buyers must research and verify ADU feasibility.

FOR SALE DETAILS

PRICE

$1,545,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

5.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

M1, San Jose

APN/PARCEL ID

261-31-058

ASK ABOUT THIS PROPERTY

David WeglarzThe Prescott CompanyMore Info
510-398-1027

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David WeglarzThe Prescott CompanyMore Info
510-398-1027

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