244 Jackson AveSan Jose, CA 95116

Property Details for 244 Jackson Ave

Year built

1970

Lot size

0.69 AC

Property size (Sq ft)

11,500 SF

Zone code

CO

Property type

Office buildings

APN

484-07-057

APU

48407057

Description

This exceptional 11,500 square foot medical office building, situated on a sizable 30,000 square foot corner lot in San Jose, California, presents a compelling investment opportunity. Located at 244 N Jackson Ave, 95116, this two-story building, constructed in 1930 and renovated in 1970, is zoned for Commercial Office (CO) use. Currently a multi-tenant property, it offers ten individual suites, providing flexibility for various medical practices or the potential to combine for larger occupants. The property boasts a functional basement area ideal for storage or equipment. This bank-owned foreclosure is being offered at $3,200,000, translating to $278.26 per square foot. Its strategic location directly across from the Regional Medical Center Hospital Campus offers unparalleled visibility and accessibility. The property will be delivered vacant upon closing, allowing for immediate owner-user occupancy or the opportunity to lease to multiple tenants. This value-add opportunity is perfect for medical professionals or investors seeking a prime location in a thriving market. The APN is 484-07-057.

• CAP approach

  CAP return

  Valuation

  6%

  $3,395,414

  6.5%

  $3,134,228

  7%

  $2,910,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,207,465

  Geo Method

  $3,207,465

• Alternative Use

  Use

  Valuation

  Residential

  $3,886,444

  Hospitality

  $3,559,961

  Educational

  $2,961,846

  Medical

  $3,063,708

  Retail

  $4,607,316

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3642

Longitude

-121.848

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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