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1998 Alum Rock Ave

7,486 SF Office Building San Jose, CA 95116 £3,116,550 (£416/SF)

Investment Highlights

  • Prime Location: Proximity to major freeways (101, 280, 680, and 880) ensures easy access to and from the property.
  • Investment Potential: Located in a high-growth area with substantial redevelopment potential, making it an ideal investment opportunity.
  • Public Transport: Close to light rail stations and the future BART station, offering excellent public transport options.Nearby Amenities: Minutes away

Executive Summary

Compass is pleased to announce the exclusive offering of 1998 Alum Rock Ave, San Jose, CA. This prime medical office building, boasting approximately 7,486 square feet, is situated on a generous 24,028 square foot lot (0.55 acres). Constructed in 1956, the property has been meticulously maintained and upgraded. During their lease period, the tenant invested $1.25 million in improvements, transforming the space into a state-of-the-art Dental Surgery Center, far surpassing the amenities of a typical dental office.
Strategically located in the San Jose Alum Rock Ave Urban Village Area, this property presents an exceptional value-add opportunity for residential redevelopment. The area is earmarked for significant growth and revitalization, enhancing the potential for future appreciation.
This exclusive offering represents a unique chance to acquire a versatile property with immense potential in one of San Jose's most promising districts. Don’t miss out on this exceptional investment opportunity. Contact Compass today for more information and to schedule a private viewing.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,486 SF
Building Class
C
Year Built
1956
Price
£3,116,550
Price Per SF
£416
Tenancy
Single
Number of Floors
1
Typical Floor Size
7,486 SF
Building FAR
0.31
Land Acres
0.55 AC
Zoning
C3/R1, San Jose - Medical office /Office/ residential redevelopment.

Amenities

  • Security System
  • Accent Lighting
  • Reception
  • Storage Space
  • Central Heating
  • High Ceilings
  • Natural Light
  • Recessed Lighting
  • Suspended Ceilings
  • Yard
  • Air Conditioning
  • Smoke Detector
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
481-19-143
Land Assessment
£2,030,321
Improvements Assessment
£1,404,305
Total Assessment
£3,434,626
  • Listing ID: 32480980

  • Date on Market: 16/07/2024

  • Last Updated:

  • Address: 1998 Alum Rock Ave, San Jose, CA 95116

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