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Listed by Andres Lopez • Marcus & Millichap, DRE#01936458
$1,995,000
Est. payment /mo
8,350 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Contingent
Purchase Type For Sale
Square Footage 8,350 sqft
Price per Sqft $238
MLS Listing ID ML82037885
Year Built 1961
Lot Size 9,822 Sqft
Property Sub-Type Commercial Property
Property Description
556 N 1st St is a stunning medical office owner-user investment opportunity located in the thriving downtown area of San Jose, California. Situated on a parcel of land totaling 9,822 square feet, the subject property features a gross building area of approximately 8,350 square feet. The subject property underwent significant improvements in 2020 and consists of 4 units, each with an en-suite restroom. Additionally, 2 units have existing buildouts for a dental office with a laboratory. Per the City of San Jose, tenants are responsible for obtaining the requisite permit(s) to operate their respective businesses. Zoning on the property is Commercial Pedestrian (CP), which permits many uses for offices and financial services, including medical offices, general services, among others, with the intention of supporting pedestrian-oriented retail activity at a scale compatible with surrounding neighborhoods. Buyer to verify. Nestled near Japantown, the Hensley Historic District, and Downtown San Jose, tenants at 556 N 1st St have convenient access to the city's amenities, restaurants, and entertainment options. The property is also close to California Highway 87, providing easy access to the rest of the city and the greater San Francisco Bay Area.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning CP
Interior
Heating Central Forced Air
Cooling Central AC, Window / Wall Unit
Exterior
Parking Features Covered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Present Use Office
Building
Story 2
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Restrictions None
Tax ID 249-43-083
Security Features Controlled / Secured Access
Special Listing Condition Not Applicable
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