1770 1St StSan Jose, CA 95112

This exceptional San Jose investment opportunity encompasses two development-ready pads totaling approximately 2.19 to 2.39 acres, situated at 1770 and 1790 North First Street, Santa Clara County, CA 95112. The property boasts a prime location, offering excellent visibility from Highway 101 and proximity to Interstates 880 and San Jose International Airport (SJC). The land is zoned CG (PD) – Planned Development, with APN numbers 235-01-029,030; 235-01-026,027. Pad 1, a fully entitled site, is ready for construction of a 171-room Home2 Suites by Hilton hotel. This pad features 94,199 square feet, four stories, and 153 parking spaces. Construction drawings were 100% complete in July 2022, and a PD permit amendment has been approved. The finished pad and parking lot are in place. Pad 2, spanning approximately 2.16 acres, presents a significant development opportunity for a hotel or assisted living facility, with a 310-foot height limit and 108 parking spaces. This pad also includes a finished pad and parking lot. Both pads are located within an Opportunity Zone, offering potential tax advantages. The existing General Plan designation is Transit Employment Center. This property offers a rare chance to acquire two fully prepared development sites in a high-demand area.