31 2Nd StSan Jose, CA 95113

Property Details for 31 2Nd St

Year built

1925

Construction

TILT-UP CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

45,012 SF

Zone code

DC

Property type

Office buildings

APN

467-21-029

APU

46721029

Description

The Atrium Building, located at 31 N 2nd St, San Jose, CA 95113, offers a unique opportunity to lease executive office space in a historic building. This four-story building, constructed in 1925, boasts a total of 45,012 square feet, with 1,402 square feet currently available for lease. The property is situated on a 0.299-acre lot and is conveniently located near Santa Clara St in the heart of Santa Clara County. The building is designated as multi-tenant, providing a vibrant and collaborative work environment. Parking is available at a ratio of 0.40 spaces per 1,000 square feet. The available space is ideal for businesses seeking a prestigious address and a well-established location in San Jose. This executive office space presents a chance to establish a presence in a landmark building with a rich history, offering a blend of classic charm and modern functionality. The property's central location provides easy access to major transportation routes and a variety of amenities. Inquire today to learn more about this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $17,425,404

  6.5%

  $16,084,988

  7%

  $14,936,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,554,297

  Geo Method

  $12,554,297

• Alternative Use

  Use

  Valuation

  Residential

  $19,945,386

  Hospitality

  $18,269,866

  Educational

  $15,200,314

  Medical

  $15,723,076

  Retail

  $23,644,932

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3371

Longitude

-121.89

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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