- Currently improved as a surface parking lot with 426 stalls, leased to the City of San Jose through 6/30/2027 - Lease includes a 60-day termination right, granting ownership development flexibility with in-place cash flow - The Property is currenlty zoned Downtown Primary Commercial (DC), allowing for a wide range of potential uses, including multifamily, commerical, or mixed-use development, along with the ability to unlock value through market-rate parking operations - 447 S Almaden Blvd is entitled for "Discovery San Jose", a 1.6MM SF, state of the art office development - Entitlements span two (2), 16-story towers with an eye-catching glass line and expansive indoor-outdoor areas. The project is fully entitled, ready for shovels in the ground