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    959 Story Rd San Jose, CA 95122

    Sponsored
    For Sale
    $658,900

    Prime San Jose retail space, 1,198 sq ft.

    Property size:
    1,198 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,198 square foot retail condominium, located within the thriving Vietnam Town shopping center in San Jose, California (959 Story Rd Suite 5225, zip code 95122), presents a unique investment opportunity. Situated between Walmart and Grand Century Mall, this newly built property offers the pride of ownership that comes with owning, rather than leasing, commercial space. The unit is part of a vibrant complex featuring a mix of medical, professional, and retail tenants, creating a bustling and attractive environment. Ideal for a variety of uses, including medical practices (dental, clinic, urgent care), professional offices (optometry, insurance, legal), and retail businesses (fashion, food, etc.). The unit boasts approximately 16-foot clear height and comes with a completed restroom. Electrical service is 100 amps, 120/208 volts, 3-phase 4-wire. The property benefits from excellent access to Highways 101, 280, and 680, and proximity to Mineta San Jose International Airport. A unique Lease-to-Own program is 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. SBA financing is available at 90% of the purchase price, making this an attractive option for many businesses. Units can be combined to create larger spaces, offering flexibility for expanding businesses. The asking price for this exceptional property is $658,900.

    Property Features for 959 Story Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,198 SF

    HighLights

    • 1,198 SF newly built retail condo for sale in San Jose's Vietnam Town shopping center (959 Story Rd, Suite 5225, 95122), located between Walmart and Grand Century Mall.
    • Own your space instead of leasing, saving on occupancy costs. SBA financing available with as little as 10% down payment.
    • Ideal for various uses including medical, professional, and retail businesses. Features 16‑foot clear height and a completed restroom.
    • 100‑amp, 120/208‑volt, 3‑phase 4‑wire electrical service. Excellent access to Highways 101, 280, and 680, and proximity to San Jose International Airport.
    • Lease‑to‑own option available: $2.00/SF NNN lease with potential six‑month rent abatement, three‑year term, and two‑year purchase option. Units can be combined. Asking price: $658,900.
    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 - Prime San Jose retail space, 1,198 sq ft.
    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.
    What are key features of this property?
    This property features: 1,198 SF newly built retail condo for sale in San Jose's Vietnam Town shopping center (959 Story Rd, Suite 5225, 95122), located between Walmart and Grand Century Mall.; Own your space instead of leasing, saving on occupancy costs. SBA financing available with as little as 10% down payment.; Ideal for various uses including medical, professional, and retail businesses. Features 16-foot clear height and a completed restroom.
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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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