41-61 Serra WAY new Save Request In-Person Tour Request Virtual Tour
Milpitas,CA 95035
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 18,164 sqft
Price per Sqft $659
MLS Listing ID ML82026626
Year Built 1999
Lot Size 1.980 Acres
Property Sub-Type Multiple Dwellings / Structures
Property Description
Exceptional Investment Opportunity 41 & 61 Serra Way, Milpitas, CA Offering 3 parcels totalling 1.98 acres across two adjacent properties in the highly-visible Serra Way retail/office corridor. The two-story building at 61 Serra Way features ground-floor retail and second-floor professional offices with elevator access and fire-sprinklered construction. The adjoining address at 41 Serra Way further anchors the asset within the plaza, offering strong tenant diversity and a solid retail draw. Strategically located in Milpitas, just minutes from U.S. Routes 880 & 237, the site benefits from heavy traffic counts, high daytime population, and strong visibility. The offering presents an ideal entry or expansion acquisition for investors seeking an established asset with value enhancement potential through leasing rollout or repositioning. Currently 95% Tenant Occupancy Combined ~86,074.56 SQFT of mixed-use retail + professional office space. Existing infrastructure supports high-quality tenants (elevator, ADA upgrades, sprinklers). Prime Bay Area submarket with long-term demand drivers from tech-driven employment and retail services growth. Don't miss this rare Milpitas investment offering in a market with robust fundamentals.
Location
State CA
County Santa Clara
Area Milpitas
Zoning C2
Interior
Heating Central Forced Air
Cooling Central AC,Multi-Zone
Exterior
Parking Features Guest / Visitor Parking,Parking Area,Unassigned Spaces,Uncovered Parking
Utilities Available Public Utilities
Roof Type Wood Shakes / Shingles
Building
Foundation Concrete Grid
Sewer Sewer Available
Water Individual Water Meter,Water On Site
Others
Special Listing Condition Not Applicable