2249 Grant RdLos Altos, CA 94024

Property Details for 2249 Grant Rd

Year built

1962

Construction

WOOD

Lot size

0.30 AC

Property size (Sq ft)

4,015 SF

Zone code

CN

Property type

Retail space

APN

318-16-009

APU

31816009

Description

This exceptional Los Altos commercial property presents a compelling redevelopment opportunity or owner-user scenario. The 4,015-square-foot building, situated on a 13,068-square-foot lot, currently houses a convenience store and a paint store, offering versatile potential. Built in 1962 and renovated in 2007, the Class A property features two units, twenty parking spaces (including ADA-compliant spaces), and ample amenities including three bathrooms (two ADA-compliant and one employee restroom). The property's location in the heart of Silicon Valley boasts high traffic counts, making it ideal for a variety of uses, including medical or dental offices. The asking price is $4,288,000, and the property is suitable for a 1031 exchange. This single-story building offers significant potential for investors seeking a prime location in a thriving market. The property's multi-tenant configuration and substantial lot size provide flexibility for future development or expansion. Don't miss this chance to acquire a valuable asset in the desirable Los Altos market. APN: 318=16-009.

• CAP approach

  CAP return

  Valuation

  6%

  $3,566,538

  6.5%

  $3,292,190

  7%

  $3,057,033

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,821,956

  Geo Method

  $2,821,956

• Alternative Use

  Use

  Valuation

  Residential

  $2,777,085

  Hospitality

  $2,543,795

  Educational

  $2,116,408

  Medical

  $2,189,194

  Retail

  $3,292,190

Location Insight

City

Los Altos

County

Santa Clara

State

California

Latitude

37.3407

Longitude

-122.071

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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