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12015 Saratoga Sunnyvale Rd - 0.36 AC Development Opportunity in Saratoga
0.36 Acres of Commercial Land Offered at £2,738,575 in Saratoga, CA 95070
Investment Highlights
- 15,840 SF Development Opportunity - Located on the Gateway to the City of Saratoga
- New Uses Include - Office, Medical Office, Mixed Use, Retail and More
- Rare Owner User Opportunity to Build a Freestanding Bldg. at the Corner of Saratoga Sunnyvale & Prospect Road
- Deed Restriction No Longer Allowing Service Station Use at the Property
- CN - Commercial Neighborhood Zoning District
- Investment Opportunity to Build a Mixed-Use Project
Executive Summary
- The property is currently a Service Station with a Deed Restriction No Longer Allowing Service Stations, so the use must be changed, the CN – Commercial Neighborhood zoning designation allows for office and retail and with a conditional use permit medical office and mixed-use development can be approved.
- Rare owner user opportunity to build a freestanding building at the entrance of the Saratoga city limits or an investment opportunity for a mixed-use development.
- The property is situated on the corner of Saratoga Sunnyvale Rd & Prospect Rd located on the Gateway to the City of Saratoga.
- The lot is 15,840 square feet and located Infront of the Blue Hills Shopping Center.
- The property is in one of the highest barrier to entry markets in the Silicon Valley.
- The property is located on a hard corner of a 4-way intersection of Saratoga Sunnyvale Rd, Prospect Rd and S De Anza Blvd.
- Great signage and visibility with very high traffic counts.
- Extremely strong demographics with household incomes in excess of $222,000 in a 1-mile radius.
Property Facts
1 Lot Available
Lot
| Price | £2,738,575 | Lot Size | 0.36 AC |
| Price Per AC | £7,531,089 |
| Price | £2,738,575 |
| Price Per AC | £7,531,089 |
| Lot Size | 0.36 AC |
Description
- 15,840 SF Lot for sale located on the corner of Saratoga Sunnyvale Rd & Prospect Rd. The property is currently a Service Station with a Deed Restriction No Longer Allowing Service Stations, so the use must be changed, the CN – Commercial Neighborhood zoning designation allows for office and retail and with a conditional use permit medical office and mixed-use development can be approved.
PROPERTY TAXES
| Parcel Number | 366-22-023 | Improvements Assessment | £98,698 |
| Land Assessment | £704,310 | Total Assessment | £803,008 |
PROPERTY TAXES
zoning
| Zoning Code | CN (Commercial Neighborhood) |
| CN (Commercial Neighborhood) |
Presented by
12015 Saratoga Sunnyvale Rd - 0.36 AC Development Opportunity in Saratoga
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