320 3Rd StSan Jose, CA 95112
- Office properties
- 5,080 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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