1820 Alum Rock Ave - Freestanding FOR SALE


San Jose, CA 95116- Mayfair North
$2,575,000 USD
1820 Alum Rock Ave, San Jose, CA for Sale
$2,575,000 USD
Freestanding - FOR SALE
1/21
null | 3.69% Cap Rate

1820 Alum Rock Ave
San Jose, CA 95116
Mayfair North


HIGHLIGHTS

  • Building & Site: ±3,220 SF building on ±17,922 SF lot (±0.41 AC)
  • Access: Corner Lot with Dual Access—Alum Rock Avenue and Kentucky Place
  • Zoning: MS-G with Use Code Retail Trade. Main Street Ground-Floor Commercial District in San Jose's Alum Rock Urban Village.
  • Occupancy: Lease at $12,000 per month with 3% annual increases; 8 years remain on the lease.
  • Common Development Scale: Projects in MS-G along the Alum Rock corridor frequently propose low to mid-rise mixed-use buildings up to 5 stories.
  • Year Built: 1992

OVERVIEW

Synergize Realty is introducing 1820 Alum Rock Avenue in San Jose, California (the "Property"), a Retail Free Standing building located in the prime Alum Rock Avenue corridor's Main Street Ground Floor Commercial District. Enjoy a long-term lease while you explore and expedite a new redevelopment project possibly similar to the adjacent newly built mid-rise residential building above and commercial space below. The building was originally constructed in 1992 as a KFC restaurant, complete with all the amenities. It is now a popular local favorite restaurant and lounge with spacious indoor / outdoor seating areas and its own parking lot. Here's your chance to change San Jose's city skyline with this property. It is a generational purchase with a trifecta: a great property to establish your business, a solid rental investment with high income, and a potential redevelopment opportunity. The property has great street exposure on 4-car busy traffic lanes plus a bus lane, and experiences heavy foot traffic. It has convenient access to Highway 101, Interstate 680 and 280. The building is next to the Mexican Heritage Plaza, near San Jose State University, the Santa Clara Valley Regional Medical Center, and the Berryessa/North San Jose BART Station. Schedule a private tour with Robert@SynergizeRealty.com. Thank you!

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$800 USD /SF

CAP RATE

3.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C3H

APN/PARCEL ID

481-18-049

ASK ABOUT THIS PROPERTY

Robert BalinaSynergize Realty / Synergize Property ManagementMore Info

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Robert BalinaSynergize Realty / Synergize Property ManagementMore Info

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