295 Commercial StSunnyvale, CA 94085

Property Details for 295 Commercial St

Year built

1954

Construction

STEEL FRAME

Lot size

0.75 AC

Property size (Sq ft)

4,800 SF

Zone code

MS

Property type

Retail properties

Property subtype

Retail space

APN

205-34-013

APU

20534013

Description

This exceptional 4,800-square-foot industrial property, situated on a 0.74-acre lot at 295 Commercial Street in Sunnyvale, California, presents a compelling investment opportunity in the heart of Silicon Valley. Located directly behind the Apple Campus, this property boasts an enviable location with high visibility and accessibility. Currently configured as a former auto shop, the site is zoned M1 (Light Industrial), offering significant flexibility for redevelopment. The expansive 33,498-square-foot lot allows for a variety of development options, including a modern hotel catering to the high demand from business travelers and tech professionals, a state-of-the-art office complex designed to attract tech companies and startups, or an innovative technology/AI hub fostering collaboration and research. The property's zoning permits a building height of up to eight floors, maximizing development potential and return on investment. This prime location, coupled with the versatile zoning and the long-term growth prospects of the thriving Silicon Valley tech region, makes this a truly exceptional investment opportunity. The property's proximity to the Apple Campus ensures consistent high demand for commercial development, guaranteeing a strong return on investment for the discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $2,617,004

  6.5%

  $2,415,696

  7%

  $2,243,146

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,373,695

  Geo Method

  $3,373,695

• Alternative Use

  Use

  Valuation

  Residential

  $2,037,730

  Hospitality

  $1,866,549

  Educational

  $1,552,947

  Medical

  $1,606,355

  Retail

  $2,415,696

Location Insight

City

Sunnyvale

County

Santa Clara

State

California

Latitude

37.3802

Longitude

-122.008

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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