1706 Monterey Hwy - Hospitality FOR SALE


San Jose, CA 95112- Fairgrounds
$5,981,000 USD
408-966-5919
1706 Monterey Hwy, San Jose, CA for Sale
$5,981,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

1706 Monterey Hwy
San Jose, CA 95112
Fairgrounds


HIGHLIGHTS

  • Rare 28 Unit Motel on a 1.84 AC Parcel | Small Freestanding Individual Units with Parking
  • Large 1.84 AC Parcel
  • Development Opportunity - Combined Industrial/Commercial General Land Use Designation
  • Strong Demographics with Household Incomes in Excess of $109,380 in a 1-Mile Radius

OVERVIEW

- 28 unit motel on 1.84 acres. - Approximately 15,000 SF of unutilized land in the back of the motel which allows an investor to potentially add additional units to the existing 28-unit motel. - Combined Industrial/Commercial General Plan Designation which is intended for commercial or industrial uses, or a compatible mixture of these uses, that support the goals of the combined industrial/commercial general plan designation. The district allows for a broad range of commercial uses with a local or regional market, including big box retail, and a narrower range of industrial uses, primarily industrial park in nature, but including some low-intensity light industrial uses. - Strong Demographics with Household Incomes in Excess of $109,380 in a 1-Mile Radius

FOR SALE DETAILS

PRICE

$5,981,000 USD

PRICE/SF

$301 USD /SF

# OF ROOMS

28

PRICE/ROOM

$213,607 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

28 Unit Motel on 1.84 AC

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1929

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

CIC

APN/PARCEL ID

477-24-030

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.