247 E St John St - Auto Dealership FOR SALE


San Jose, CA 95112- Northside
$2,800,000 USD
408-202-3855
247 E St John St, San Jose, CA for Sale
$2,800,000 USD
Auto Dealership - FOR SALE
1/1
null | Request Cap Rate

247 E St John St
San Jose, CA 95112
Northside


HIGHLIGHTS

  • Strategic Downtown Location
  • Vacant Ground Floor with Income Above
  • Flexible Mixed-Use Layout
  • Value-Add or Owner-User Potential
  • Urban Infill Location
  • Proximity to Transit & Connectivity

OVERVIEW

AiCRE Partners is pleased to offer the premier opportunity to acquire a 100% fee simple interest in 247 E. St. John Street, San Jose, California (the “Property”), a stand-alone mixed-use asset located in the heart of Downtown San Jose. The Property is ideally situated just two blocks from San Jose City Hall, within walking distance of San José State University, approximately five minutes from Diridon Station, and in the epicenter of numerous active and proposed residential and commercial high-rise developments. The building is currently 100% occupied on short-term leases, offering immediate income with near-term flexibility. The ground-floor commercial light industrial unit is leased to an established HVAC business and features multiple private offices, ample open warehouse space, and roll-up doors, making it well-suited for a variety of owner-user or industrial service uses. The second- story residential unit consists of a spacious three-bedroom, one-bathroom apartment leased on a month-to-month basis. This tenancy structure presents a compelling opportunity for an owner-user to occupy all or a portion of the Property—particularly the ground floor—while generating supplemental passive income from the residential unit above. Investors may also benefit from repositioning potential through lease-up, rental adjustments, or future redevelopment, subject to zoning and city approvals. The Property is offered on an “as-is, where-is” basis.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$509 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

CG

APN/PARCEL ID

467-19-037

ASK ABOUT THIS PROPERTY

Jim McArthurAiCRE PartnersMore Info
408-202-3855

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Jim McArthurAiCRE PartnersMore Info
408-202-3855

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