325 N 3rd St - Churches FOR SALE


San Jose, CA 95112- Northside
$3,000,000 USD
714-991-1157
325 N 3rd St, San Jose, CA for Sale
$3,000,000 USD
Churches - FOR SALE
1/37
null | Request Cap Rate

325 N 3rd St
San Jose, CA 95112
Northside


HIGHLIGHTS

  • This unique offer provides a versatile former religious facility w/ classrooms, a congregation hall, a commercial kitchen, an ablution area, & more.
  • A prime location in Downtown San Jose provides the property with direct exposure to more than 11,500 vehicles each day.
  • Zoned R4, the facility offers potential as a carried land play for the future development or reuse of new multifamily housing.
  • The location is easily accessible, sitting within five minutes of Highway 87, Highway 130, and Interstate 280.

OVERVIEW

This exciting offer provides religious organizations, office businesses, and investors with the unique opportunity to acquire an expertly maintained religious facility with a terrific location in Downtown San Jose at 325 N 3rd Street. The building currently operates as a relief center, and offers significant optionality for use as a church, commercial offices, or residential apartments. Zoned R4, the property provides the long-term upside as a carried land play, allowing the redevelopment or reuse to create new multifamily apartments. Placed within a designated opportunity zone, a redevelopment project can potentially access substantial capital gains tax incentives after meeting the required investment threshold. Comprising a total of 8,500 square feet across two floors, 325 N 3rd Street offers a wealth of desirable features that set it apart from competitors in the area. The building offers a full commercial kitchen, multiple classrooms, a large meeting hall, private office space, restrooms with showers, an ablution area, a laundry room, and a fenced and landscaped backyard. The exteriors feature an eye-catching Spanish style architecture with mission tile roofing that draw the attention of more than 11,500 vehicles passing the property along 3rd Street each day. Sitting near the heart of Downtown San Jose, 325 N 3rd Street enjoys proximity to the city’s top-rated boutique shops, local restaurants, and beautiful parks. Residents can walk to both St James Park and the Guadalupe River Park, providing miles of scenic, winding trails. Additionally, the location is a hotspot for students, sitting within walking distance of San Jose State University. Reaching the property is made easy by convenient access to nearby highways, including Highway 87, Highway 130, and Interstate 280.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

R4

APN/PARCEL ID

249-44-019

ASK ABOUT THIS PROPERTY

Aleem BilwaniRealty PlusMore Info
714-991-1157

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Aleem BilwaniRealty PlusMore Info
714-991-1157

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