2560 Fontaine RdSan Jose, CA 95121

Property Details for 2560 Fontaine Rd

Year built

1976

Lot size

3.40 AC

Property size (Sq ft)

56,762 SF

Zone code

SJ

Property type

Retail properties

Property subtype

Retail space

APN

670-01-028

APU

67001028

Description

This exceptional 1.65-acre commercial, industrial, and residential land parcel presents a remarkable development opportunity in San Jose, California. Located at 2560 Fontaine Rd, APN 670-01-029, this property boasts a prime location adjacent to Highway 101 and Tully Road, offering unparalleled access and visibility. The property's Neighborhood/Community Commercial (NCC) zoning permits a wide range of development options, catering to diverse commercial and residential projects. Its proximity to major retail destinations like Foodmaxx (within 1 mile), Eastridge Mall (within 1.3 miles), Target, and Sprouts (within 1.6 miles) further enhances its appeal. Situated within the San Jose Urban Village of "C34 = Tully Rd/S. King Rd," part of Horizon #3, and designated as a 2024 Qualified Census Tracts (QCTs) area, this site benefits from significant urban planning advantages. The property will be delivered vacant upon closing. For developers seeking a larger scale project, an adjacent 3.4-acre parcel is available for assemblage, potentially creating a 4.69-acre development site. The asking price is $8,995,000. The seller is open to reviewing offers for both quick close and close-upon-entitlement scenarios. This is a unique opportunity to acquire a strategically located development site with significant potential for future growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $25,596,252

  6.5%

  $23,627,310

  7%

  $21,939,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,895,352

  Geo Method

  $39,895,352

• Alternative Use

  Use

  Valuation

  Residential

  $19,930,520

  Hospitality

  $18,256,250

  Educational

  $15,188,985

  Medical

  $15,711,358

  Retail

  $23,627,310

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3175

Longitude

-121.828

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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