2218-2230 Lincoln Ave - Freestanding FOR SALE


San Jose, CA 95125- Willow Glen
$3,750,000 USD
408-966-5919
2218-2230 Lincoln Ave, San Jose, CA for Sale
$3,750,000 USD
Freestanding - FOR SALE
1/18
null | Request Cap Rate

NEW


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

$3,750,000 USD

PRICE/SF

$679 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

5,520 SF Retail Strip Center in Willow Glen

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

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

David TaxinMeacham OppenheimerMore Info
408-966-5919

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