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    959 2Nd St San Jose, CA 95122

    Sponsored
    For Sale
    $370,150

    673 SF Retail Condo, Prime San Jose Location

    Property size:
    673 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 673-square-foot commercial condominium is located in San Jose, California, at 959 Story Rd Bldg H, 2nd floor (5255), in the rapidly growing Vietnam Town shopping center, situated between Walmart and Grand Century Mall. This newly built property offers a fantastic opportunity for business owners seeking to own their space rather than lease. The asking price is $370,150, translating to $550 per square foot. The unit is part of a larger development with a mix of retail and professional office spaces, ranging from approximately 558 to 11,583 square feet (units can be combined for larger spaces). This particular unit features a 16-foot clear height (approximately) and includes a single completed restroom. Electrical service is 100 Amps, 120/208 Volt, 3-phase 4-wire. Owners can customize interior improvements to meet their specific business needs. The property benefits from easy access to Highways 101, 280, and 680, with Mineta San Jose International Airport just minutes away. 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 base rent waiver. The lease term is three years, with a purchase option exercisable within two years, locking in today's purchase price. SBA financing is available at 90% of the purchase price, requiring only a 10% down payment. Ideal for a variety of uses, including medical, dental, retail, and professional services.

    Property Features for 959 2Nd St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    673 SF

    HighLights

    • $370,150 asking price for a 673 square foot retail condo in San Jose, CA.
    • Located in Vietnam Town, at the intersection of Story Road and Lucretia Ave, near major retailers.
    • Newly built commercial condominium with SBA financing options available, allowing for as little as 10% down payment.
    • Units are customizable and can be combined for larger spaces.
    • Lease‑to‑own option available with a low lease rate and potential for six months of free rent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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?
    Lifestyle center - 673 SF Retail Condo, Prime San Jose Location
    Where is this lifestyle center located?
    The property is located at 959 2Nd St San Jose, CA.
    What is the asking price?
    The asking price for this property is $370,150.
    What are key features of this property?
    This property features: $370,150 asking price for a 673 square foot retail condo in San Jose, CA.; Located in Vietnam Town, at the intersection of Story Road and Lucretia Ave, near major retailers.; Newly built commercial condominium with SBA financing options available, allowing for as little as 10% down payment.
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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 2Nd St San Jose, CA 95122
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