495-499 S 2nd St
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495-499 S 2nd St
4,200 SF 47% Leased Retail Building San Jose, CA 95113 £1,805,715 (£430/SF)
Investment Highlights
- ±4,200 SF Retail Building on the Corner of E. William St and 2nd Street
- Suite 45 (±998 SF) and Suite 495 (±1,250 SF) are currently available for an Owner-User to occupy. Suites can be converted into a continuous 2,248 SF
- Located 0.2 miles from the San Jose Convention Center and 0.5 miles from San Jose State University
- Building consists of 5 retail spaces with 3 of the suites being leased to Academic Coffee, Make Me Holey, and Maria Ortiz
- Property is zoned commercial general, which allows for a wide variety of uses such as retail stores, restaurants/cafes, service providers, etc...
Executive Summary
-Rare opportunity for an owner user/investor to acquire freestanding ±4,200 square foot retail building in Downtown San Jose.
-Currently, ±2,248 SF is available for Owner User to Occupy. Suites 45 and 495 can be converted in a continuous space.
-The property is situated on a ±4,748 square foot lot at the corner of South 2nd and East William Street.
-The property is in the Downtown Primary Commercial Plan zoning designation which allows for a variety of uses such as retail stores, restaurants/cafes, service providers, professional offices, entertainment venues, and financial institutions.
-The property is located 0.2 miles from the San Jose Convention Center and 0.5 miles from San Jose State University.
-Strong demographics with household incomes in excess of $117,075 in a 1-mile radius.
-Currently, ±2,248 SF is available for Owner User to Occupy. Suites 45 and 495 can be converted in a continuous space.
-The property is situated on a ±4,748 square foot lot at the corner of South 2nd and East William Street.
-The property is in the Downtown Primary Commercial Plan zoning designation which allows for a variety of uses such as retail stores, restaurants/cafes, service providers, professional offices, entertainment venues, and financial institutions.
-The property is located 0.2 miles from the San Jose Convention Center and 0.5 miles from San Jose State University.
-Strong demographics with household incomes in excess of $117,075 in a 1-mile radius.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,200 SF
Building Class
C
Year Built
1950
Price
£1,805,715
Price Per SF
£430
Percent Leased
47%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.88
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
CG - Commercial General (CG)
Frontage
Amenities
- Signage
- Signalised Intersection
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 467-47-013 | Improvements Assessment | £630,673 |
| Land Assessment | £373,731 | Total Assessment | £1,004,404 |
PROPERTY TAXES
Parcel Number
467-47-013
Land Assessment
£373,731
Improvements Assessment
£630,673
Total Assessment
£1,004,404
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495-499 S 2nd St
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