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Listed by Jennifer Li • Universal Network Group
$1,200,000
Est. payment /mo
0.45 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81927870
Lot Size 0.450 Acres
Property Sub-Type Residential Development Land
Property Description
Subject to city planner approval, 3-story x 4,435SF(max 13,305SF), 3-STORY, 9 units with a frontage of 281.42 ft. Buildable area is one story (4,435 SF per old building plan in 90'), setbacks along the property line, R3B zoning is phasing out replace under IND and developer could do plan and variance all together. City is also welcome for low-income high density afford housing; Developers can receive a density bonus of up to 35%. The property offers all kind of opportunity for potential buyers, with the option to use the 1st floor as a versatile commercial space adaptable to various needs such as medical clinics, retail stores, showrooms, pre-school, kindergarten, OEMs/branches/sales offices, low-income housing or senior housing for any kind of high density of residential development
Location
State CA
County Santa Clara
Area Milpitas
Zoning R3B MIXED USE
Exterior
Fence None
Utilities Available Available - Not On Site
Present Use Zone Change Possible,None
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 022-07-007R
Horse Property No
Special Listing Condition Not Applicable
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