408-966-5919
2218-2230 Lincoln Ave, San Jose, CA for Sale
Freestanding - FOR SALE
1/18
null | Request Cap Rate

2218-2230 Lincoln Ave
San Jose, CA 95125
Willow Glen


HIGHLIGHTS

  • ±5,520 SF Freestanding Retail Strip Center with 4 Units on a ±14,810 SF Lot with Large Rear Parking Lot
  • Taqueria Milagro Restaurant Leasing 2 Adjacent Units (50% of Building) & Lease Can be Terminated with 6 Months Notice After Close of Escrow
  • Owner User Opportunity: 100% of the Building Available for an Owner User to Occupy
  • Value Add Opportunity: 6.20% CAP Rate using a Proforma Rent of $3.50 SF NNN
  • Located One Parcel from the Corner of Lincoln & Curtner Ave
  • 1 Mile from Downtown Willow Glen

OVERVIEW

- ±5,520 SF Freestanding Retail Strip Center with 4 Units on a ±14,810 SF Lot. - Large Rear Private Parking Lot. - 50% Leased: Taqueria Milagro a Mexican Restaurant is Currently Leasing 2 Adjacent Units; the Lease allows the Buyer to terminate the tenant’s lease with 6 months’ notice following close of escrow.” - Owner User Opportunity: 100% of the Building Available for an Owner User to Occupy (50% is Currently Vacant and the other 50% can be made Available 6 months following the close of escrow). - Value Add Opportunity: 6.20% CAP Rate using a proforma rent of $3.50 SF NNN. - CP – Commercial Pedestrian Zoning Designation: Allows for Uses such as Retail, Gym, Restaurant, Personal Services, Animal Boarding & Grooming, Office, Medical Office, and many more. - Located One Parcel from the Corner of Lincoln & Curtner Ave. - Average Household Income in Excess of $165,000 in a 1-Mile Radius. - 1 Mile from Downtown Willow Glen.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

WILLOW GLEN Retail Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

CP

APN/PARCEL ID

439-17-151

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 Notice.