373 Monroe StSan Jose, CA 95128

Property Details for 373 Monroe St

Year built

1965

Construction

TILT-UP CONCRETE

Lot size

0.43 AC

Property size (Sq ft)

9,480 SF

Zone code

C3H

Property type

Office properties

Property subtype

Office buildings

APN

277-34-006

APU

27734006

Description

This exceptional 0.43-acre commercial land parcel presents a unique redevelopment opportunity in the heart of San Jose, California. Situated in a designated Transit Village, the property allows for the construction of a mixed-use development up to six stories high. Preliminary plans envision a blend of residential and commercial space, potentially including apartments above office space, a hotel, or a fully office-focused building. The site's central West San Jose location offers unparalleled convenience, with easy access to major freeways including Highways 17, 880, and 280. Its proximity to the vibrant Santana Row and Valley Fair shopping mall provides immediate access to a thriving retail and entertainment scene, ensuring high visibility and strong potential for tenant attraction. The property's APN is 277-34-006, and its address is 373 S Monroe St, San Jose, CA 95128. Currently, a 100% leased medical building occupies the site, presenting an immediate income stream for potential investors while redevelopment plans are finalized. This prime location, combined with the flexibility afforded by the Transit Village designation, makes this an exceptional investment opportunity with significant upside potential. The site's strategic positioning near major transportation arteries and established commercial centers guarantees strong tenant demand and long-term value appreciation. This is a rare chance to acquire a highly desirable parcel in one of San Jose's most sought-after areas.

• CAP approach

  CAP return

  Valuation

  6%

  $2,965,137

  6.5%

  $2,737,050

  7%

  $2,541,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,644,067

  Geo Method

  $2,644,067

• Alternative Use

  Use

  Valuation

  Residential

  $3,393,942

  Hospitality

  $3,108,832

  Educational

  $2,586,512

  Medical

  $2,675,466

  Retail

  $4,023,463

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3217

Longitude

-121.944

CBSA code

41940

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].