41 Serra Way - Storefront Retail/Office FOR SALE


Milpitas, CA 95035- Midtown Milpitas
$11,988,000 USD
415-467-1818
41 Serra Way, Milpitas, CA for Sale
$11,988,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 2.65% Cap Rate

41 Serra Way
Milpitas, CA 95035
Midtown Milpitas


HIGHLIGHTS

  • Two-story mixed-use building: ground floor retail, second floor professional / office / medical suites
  • Convenient access to I-880 and Montague Expressway (Hwy 237)
  • Ample storefront signage visibility at signalized intersection of Serra Way & South Abel Street
  • Recent ADA upgrades to parking lot & path of travel

OVERVIEW

Exceptional Investment Opportunity — 41 & 61 Serra Way, Milpitas, CA Offering 1.98 acres across two adjacent properties in the highly-visible Serra Way retail/office corridor. The two-story building at 61 Serra Way features ground-floor retail and second-floor professional offices with elevator access and fire-sprinklered construction. The adjoining address at 41 Serra Way further anchors the asset within the plaza, offering strong tenant diversity and a solid retail draw. Strategically located in Milpitas, just minutes from U.S. Routes 880 & 237, the site benefits from heavy traffic counts, high daytime population, and strong visibility. The offering presents an ideal entry or expansion acquisition for investors seeking an established asset with value enhancement potential through leasing rollout or repositioning. Key highlights: Currently 95% Tenant Occupancy Combined ± 86,074.56 SQFT of mixed-use retail + professional office space. Existing infrastructure supports high-quality tenants (elevator, ADA upgrades, sprinklers). Prime Bay Area submarket with long-term demand drivers from tech-driven employment and retail services growth. Proven location with active tenant base in the Serra Way corridor. Contact us today for full offering package, financials, tenant information and value-add strategies. Don’t miss this rare Milpitas investment offering in a market with robust fundamentals.

FOR SALE DETAILS

PRICE

$11,988,000 USD

PRICE/SF

$716 USD /SF

CAP RATE

2.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

41-61 Serra Way, Milpitas, CA 95035-8519

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

C2

APN/PARCEL ID

022-24-041,022-24-042,022-24-049

ASK ABOUT THIS PROPERTY

Guy FongCitistar IncMore Info
415-467-1818

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Guy FongCitistar IncMore Info
415-467-1818

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