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    959 1St St San Jose, CA 95122

    Sponsored
    For Sale
    $798,600

    1,210 SF Retail Condo, Prime San Jose Location

    Property size:
    1,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This newly built 1,210 square foot commercial condominium is located in San Jose's Vietnam Town, at the intersection of Story Road and Lucretia Avenue, between Walmart and Grand Century Mall. This exceptional opportunity allows for ownership of a retail space, eliminating ongoing lease payments and offering significant long-term investment potential. The property is part of a thriving shopping center with easy access to Highways 101, 280, and 680, and proximity to Mineta San Jose International Airport. SBA financing is available, requiring as little as 10% down payment. Owners have the flexibility to customize interior improvements to meet their specific business needs, and there's the potential to combine units for larger spaces. The unit includes a single completed restroom and boasts approximately 16-foot clear height. This property is ideal for a wide range of businesses, including medical, dental, retail, and professional services. A unique Lease-to-Own program is also available, offering a lease rate as low as $2.00 per square foot (NNN) with a potential six-month rent abatement, a three-year lease term, and a purchase option exercisable within two years. The building features 17 office and 17 retail units, ranging in size from approximately 1,558 to 11,583 square feet. Power is supplied by a 100-amp, 120/208-volt, 3-phase 4-wire system. This is a rare chance to own your business space in a high-demand location.

    Property Features for 959 1St St

    General Information

    Property type
    Retail properties
    Square Feet
    1,210 SF

    HighLights

    • $798,600 asking price for a 1,210 square foot retail condo.
    • Located in San Jose, CA, at 959 Story Rd Bldg H 1st floor (5170), in the Vietnam Town shopping center.
    • Newly built commercial condominium with SBA financing options available (as little as 10% down).
    • Units are customizable and can be combined for larger spaces.
    • Excellent location near major highways (101, 280, 680) and Mineta San Jose International Airport.
    • Suitable for various uses including medical, dental, retail, and professional office 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 - 1,210 SF Retail Condo, Prime San Jose Location
    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 $798,600.
    What are key features of this property?
    This property features: $798,600 asking price for a 1,210 square foot retail condo.; Located in San Jose, CA, at 959 Story Rd Bldg H 1st floor (5170), in the Vietnam Town shopping center.; Newly built commercial condominium with SBA financing options available (as little as 10% down).
    (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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