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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Robbie Matusich • Richard G. Matusich & Assoc., Inc., DRE#01449407

$ 2,975,000

Est. payment | -/mo

6,986 SqFt

Save

$ 2,975,000

Est. payment | -/mo

Save

6,986 SqFt

Key Details

Property Type Commercial/Industrial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 6,986 sqft

Price per Sqft $425

MLS Listing ID ML82056218

Year Built 1980

Lot Size 0.624 Acres

Property Sub-Type Commercial Property

Property Description

2470 S. Winchester is an approx. 0.62-acre site currently improved w/a multi-tenant office building. The site has the potential to be redeveloped at a density of 100 dwelling units per acre due to its proximity to the VTA light rail. The property is located less than 1/4 mile from a VTA light rail stop making it eligible for redevelopment under Senate Bill 79. The property is designated as a Tier 2 site and can be developed with a mixed-use project up to 65 feet in height; it must have a minimum 3.0 residential floor area ratio. Currently, the building is 100% leased to 5-tenants. All of the tenants have leases or options that expire within the next 5-years. This provides an incredible opportunity to acquire a cash flowing asset below land value while pursuing development approvals. The City has identified the property as a Housing Opportunity Site in its Housing Element update in 2023. This makes redevelopment of the site important to the city being able to meet their housing production requirements. This site is less than 1/4 mile from the Winchester Station on the VTA Green Line. It is 1/2 mile from the interchange of Highway-17 & San Tomas Expressway. The property is a short commute to major employers in central San Jose, as well as Los Gatos, Santa Clara & Cupertino.

Location

State CA

County Santa Clara

Area Campbell

Zoning TO-MU

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Parking Features On Street, Parking Area, Unassigned Spaces, Uncovered Parking

Utilities Available Garbage Collection, Individual Electric Meters, Individual Gas Meters, Master Meter , Public Utilities

Roof Type Other

Present Use Office

Building

Story 2

Foundation Concrete Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Level or Stories 2

Others

Restrictions None

Tax ID 412-02-001

Security Features Other

Special Listing Condition Not Applicable

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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2470 S Winchester BLVD Campbell, CA 95008