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    959 Story Rd San Jose, CA 95122

    Sponsored
    For Sale
    $658,900

    1,198 SF Retail Condo, Vietnam Town

    Property size:
    1,198 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,198 square foot retail condominium is located in the thriving Vietnam Town shopping center in San Jose, CA (95122), situated between Walmart and Grand Century Mall. This newly built property offers a fantastic opportunity for ownership, eliminating the ongoing costs of leasing. Priced at $658,900 ($550/sq ft), this unit is perfect for a variety of businesses, including medical, dental, professional services (optometry, insurance, legal), retail (fashion, food, gifts), and more. The space boasts a 16-foot clear height (approx.) and includes a completed restroom. Electrical service is 100 Amps, 120/208 Volt, 3-phase 4-wire. The property enjoys convenient access to Highways 101, 280, and 680, and Mineta San Jose International Airport is nearby. A unique Lease-to-Own program is available, with a lease rate as low as $2.00 per square foot NNN, including a 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. SBA financing is available at 90% of the purchase price. Units can be combined for larger square footage. This is an ideal investment opportunity offering long-term tenant potential, minimal maintenance costs, and strong rental income potential. The property is located at 959 Story Rd, Suite 5230, San Jose, CA 95122.

    Property Features for 959 Story Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,198 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    MH Beauty & Spa Spa

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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?
    Lifestyle center - 1,198 SF Retail Condo, Vietnam Town
    Where is this lifestyle center located?
    The property is located at 959 Story Rd San Jose, CA.
    What is the asking price?
    The asking price for this property is $658,900.
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    959 Story Rd 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 Story Rd San Jose, CA 95122
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