1850 Warburton AveSanta Clara, CA 95050

This exceptional 10,104 square foot mixed-use office building, located at 1850 Warburton Avenue in Santa Clara, California, presents a compelling value-add or development opportunity. The property, built in 1974, features a masonry construction and sits on a 0.6-acre lot (26,136 SF) with ample parking (32 spaces) and additional street parking. Currently 80% occupied with a lease expiration date of October 31, 2024, this Class B building offers 1,530 square feet of net rentable space and is zoned CC (APN 224-20-055). The asking price is $4,250,000, translating to $390.93 per square foot. The property benefits from a highly visible location, short-term leases are available, and asking full service rents are $2.50. This owner-user opportunity boasts significant potential for development, with a FAR of 0.41. Conveniently located near Caltrain (1.5 miles, 6-minute drive), San Jose Airport (5-minute drive), and SFO Airport (35-minute drive), this property offers excellent access to major transportation arteries. The building is served by Silicon Valley Power. This is an ideal investment for those seeking a strong return in the thriving Santa Clara market. The property is a single-tenant building with a gross lease type and three rent bumps. The walk score is 81.