320 3Rd StSan Jose, CA 95112

Property Details for 320 3Rd St

Year built

1950

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

5,080 SF

Zone code

CG

Property type

Office buildings

APN

467-45-029

APU

46745029

Description

This exceptional 5,080 square foot, two-story Class A medical office building is ideally situated in downtown San Jose, California, at 320 S 3rd St, zip code 95112. Currently vacant, this owner-user opportunity presents a unique chance to acquire a property zoned Downtown Primary Commercial (DC) in Santa Clara County. The building boasts ample onsite parking located behind the structure, a significant advantage in a bustling urban environment. Its versatile zoning allows for a variety of uses, including office, medical, retail, daycare, schools, personal services, veterinary clinics, and religious facilities (buyer to verify permitted uses with the City of San Jose). The property's prime location offers convenient access to a wealth of downtown restaurants and retail amenities, enhancing its appeal and potential for high occupancy. This investment is further enhanced by its location within an Opportunity Zone, presenting potential tax advantages. The asking price for this remarkable property is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,556,008

  6.5%

  $1,436,315

  7%

  $1,333,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,416,863

  Geo Method

  $1,416,863

• Alternative Use

  Use

  Valuation

  Residential

  $1,781,031

  Hospitality

  $1,631,415

  Educational

  $1,357,318

  Medical

  $1,403,998

  Retail

  $2,111,383

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3322

Longitude

-121.884

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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