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7280 Marylinn Dr Milpitas, CA 95035

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For Sale
$1,200,000

Land suitable for commercial or residential development in Milpitas, CA.

Property Features for 7280 Marylinn Dr

General Information

Standard status
Active

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Listing Contact
Jennifer Li
Jennifer Li
Source: Corcoran

Listing Agency: UNIVERSAL NETWORK GROUP Listing Agent: Jennifer Li

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Milpitas Land Development Opportunity

This property, subject to city planner approval, presents a development opportunity with a frontage of 281.42 ft. The buildable area is one story, 4,435 SF per the old building plan from the 90s. The R3B zoning is phasing out and will be replaced under IND, allowing a developer to plan and apply for variances. The city welcomes low-income, high-density affordable housing, and developers may receive a density bonus of up to 35%. The property allows for the construction of a 3-story building with a maximum of 13,305 SF (4,435 SF per floor), accommodating up to 9 units. The first floor can serve as a versatile commercial space suitable for medical clinics, retail stores, showrooms, pre-schools, kindergartens, OEMs/branches/sales offices, low-income housing, or senior housing for high-density residential development.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Milpitas
County
Santa Clara
State
California
Longitude
-121.9072667
Latitude
37.435682

FAQs

What type of property is this?
Commercial land - Land suitable for commercial or residential development in Milpitas, CA.
Where is this commercial land located?
The property is located at 7280 Marylinn Dr Milpitas, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: - High-Density Development Potential: Suited for residential development, including low-income or senior housing.; - Density Bonus: Developers can receive a density bonus of up to 35%.; - Versatile Commercial Space: The 1st floor is adaptable to medical clinics, retail stores, showrooms, pre-school, kindergarten, OEMs\/branches\/sales offices.
More about this property
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