Listed by Mark Foxx • Terra Resources
$2,995,000
Est. payment /mo
0.73 Acres Lot
Pending
481 S Bascom AVE San Jose, CA 95128
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Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID ML82007652
Lot Size 0.726 Acres
Property Sub-Type Other Commercial Land
Property Description
Central San Jose 0.725 acre property on S Bascom Ave between 280 and Stevens Creek Blvd. Outstanding property for redevelopment with medical offices, affordable housing, mixed use commercial or land banking investment for the future! The property is just East of Highway 17/880 and North of 280; Santana Row is across 880 to the West & Santa Clara Valley Medical Center is just across 280 to the South. Downtown San Jose is 10 minutes to the Northeast. Average daily traffic counts exceed 25,000. Three adjacent parcels with 280 LF frontage on S Bascom & 108 LF frontage on Scott St. The APN's are 277-04-060, 061 & 062. County Zoning is CG (General Commercial). This County pocket of land will likely be annexed by the City of San Jose as part of redevelopment. Property within City of San Jose West San Carlos Urban Village Pan area within the Bascom Commercial Character area. This will then result in all re-development permitting being handled by the City of San Jose. Existing tenants in place to maintain income. Seller financing may be possible. Property has been in the same family for ~ 50 years. Sellers may choose to 1031 exchange into another property. All offers will be reviewed and carefully considered. Tremendous upside potential!
Location
State CA
County Santa Clara
Area Central San Jose
Zoning CG
Exterior
Fence None
Utilities Available Electricity - On Site, Gas - On Site
Building
Lot Description Grade - Level
Sewer Sewer Connected
Water Water On Site
Others
Tax ID 277-04-061
Horse Property No
Special Listing Condition Not Applicable
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