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    959 1St St San Jose, CA 95122

    Sponsored
    For Sale
    $836,880

    1,268 SF Retail Condo, Vietnam Town

    Property size:
    1,268 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,268-square-foot retail condominium is situated in San Jose's thriving Vietnam Town, nestled between Walmart and Grand Century Mall. Priced at $836,880 ($660/sq ft), this newly built property offers a fantastic opportunity for ownership rather than leasing. Ideal for various uses, including medical, dental, professional offices, or retail businesses. The unit boasts a 16-foot clear height (approx.) and a completed restroom. Electrical service is 100 Amps, 120/208 Volt, 3-phase 4-wire. The property benefits from easy access to Highways 101, 280, and 680, and proximity to Mineta San Jose International Airport. SBA financing is available at 90% of the purchase price. This is a prime investment opportunity offering long-term tenant potential, minimal maintenance costs, and strong rental income potential. The building features a total of 17 office and 17 retail units, with the possibility of combining units for larger spaces. A unique Lease-to-Own program is also available, with lease rates as low as $2.00 per square foot NNN, including a potential six-month rent-free period and a three-year lease term. The purchase price is locked in, with the buyer able to exercise the purchase option within two years. Located at 959 Story Rd Bldg H 1st floor (5175), San Jose, CA 95122.

    Property Features for 959 1St St

    General Information

    Property type
    Retail properties
    Square Feet
    1,268 SF

    HighLights

    • Invest in your business by owning a newly built commercial condo at Vietnam Town, located at Story Road and Lucretia Ave, San Jose.
    • Reduce overhead costs by owning instead of leasing; SBA financing available with 10% down.
    • Customize interior improvements to fit your business needs; units can be combined for larger spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.8588518
    Latitude
    37.3324894

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    FAQs

    What type of property is this?
    Retail property - 1,268 SF Retail Condo, Vietnam Town
    Where is this retail property located?
    The property is located at 959 1St St San Jose, CA.
    What is the asking price?
    The asking price for this property is $836,880.
    What are key features of this property?
    This property features: Invest in your business by owning a newly built commercial condo at Vietnam Town, located at Story Road and Lucretia Ave, San Jose.; Reduce overhead costs by owning instead of leasing; SBA financing available with 10% down.; Customize interior improvements to fit your business needs; units can be combined for larger spaces.
    (408) 877-9900
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    959 1St St San Jose, CA 95122
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    San Jose, CA 95122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    959 1St St San Jose, CA 95122
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