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Restaurant Space with Commercial Kitchen

489 E Calaveras Boulevard, Milpitas, CA 95035

For Sale
New
$250,000

BusinessOpportunity, Milpitas, CA

Property Size1,600 SF
Lot Size0.04 Acres
Price / SF$156.25
Days on Market1

Property Features for 489 E Calaveras Boulevard

General Information

Property type Commercial Sale
Property subtype Other
Zoning C
Subdivision Milpitas
Standard status Active
Size 1,600 SF
Lot size 0.04 Acres

Additional Details

Business Included Yes

Utilities

Heating system Forced Air, Central
Cooling system Central Air
Listing Agency: Block Change Real Estate
Listed By: Lan Anh Nguyen · License CA #02208875
Added: Nov 9 Last Checked: Nov 9 at 7:06PM
MLS# ML82066904

Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

The 1,600-square-foot restaurant space includes a fully equipped kitchen and dates to 2020. The existing boba-shop setup may be retained, adapted for a full restaurant, or used with another boba brand. Coffee may account for up to 15% of the menu, and training is available.

The space is in a plaza with Safeway on East Calaveras Boulevard in Milpitas. Zoning is designated C.

Key Highlights

  • 1,600‑square‑foot restaurant space
  • Kitchen‑equipped buildout completed in 2020
  • Existing boba‑shop operation may continue, or the space may be adapted for a full restaurant or another boba brand

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

FENG CHA TEA ... Cafe & Coffee Shop

Suggested Use

Top Pick Law Firm Auto Parts Store Building Supply Big Box & Wholesale Store Real Estate Agency Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,688
Businesses Nearby
Under-served
Demand for This Use

Demographics for 95035, CA

80,440
Population
25,851
Households
3.1
Avg Household Size
37
Median Age
59%
College-Educated
90%
High-School Grad
22.4 sq mi
ZIP Area
3,591
Density / Sq Mi
$176,723
Median Household Income
$81,070
Median Earnings
$3,110
Median Rent
$1,180,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Restaurants in Santa Clara County, CA

$1,048 Jul
$960 Aug
$947 Sep
$686 Oct

Properties on Market for Restaurants in Santa Clara County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Similar Off Market Nearby

  • Tech Lunch Corporate Catering — 187 S Main St, Milpitas, CA 95035

Frequently Asked Questions

What type of property is this?
Restaurant - A 2020-built food-service space offers a kitchen and flexibility to continue as a boba shop or operate as a full restaurant.
Where is this restaurant located?
The property is located at 489 E Calaveras Boulevard Milpitas, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,600‑square‑foot restaurant space; Kitchen‑equipped buildout completed in 2020; Existing boba‑shop operation may continue, or the space may be adapted for a full restaurant or another boba brand
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