651 Winchester BlvdSan Jose, CA 95117

Property Details for 651 Winchester Blvd

Year built

1948

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

1,678 SF

Zone code

CN

Property type

Retail properties

Property subtype

Retail space

APN

299-45-016

APU

29945016

Description

This exceptional 1,678 square foot medical office building, located at 651 S Winchester Blvd in San Jose, California, presents a compelling investment opportunity. Built in 1948, the property sits on a 0.179-acre lot and is offered at an asking price of $2,500,000. The building's permitted uses include office, medical, and daycare, providing flexibility for a variety of potential tenants. The interior features a convenient kitchenette and two restrooms, enhancing functionality and convenience. Situated in the desirable Santa Clara County, with a zip code of 95117, this property benefits from excellent accessibility and visibility. Its location in San Jose offers proximity to a thriving medical community and a robust patient base. The property's solid construction and versatile zoning make it an ideal investment for both seasoned investors and those new to the commercial real estate market. This is a rare opportunity to acquire a well-located, established medical office building in a high-demand area. The property's size and features make it suitable for a range of medical practices or other permitted uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $771,517

  6.5%

  $712,170

  7%

  $661,301

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,179,388

  Geo Method

  $1,179,388

• Alternative Use

  Use

  Valuation

  Residential

  $600,742

  Hospitality

  $550,276

  Educational

  $457,824

  Medical

  $473,569

  Retail

  $712,170

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3151

Longitude

-121.95

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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