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Development Opportunity in Milpitas

Marylinn Drive, Milpitas, CA 95035

For Sale
$990,000
Pending

Land suitable for residential or mixed-use development.

Property SizeContact for details
Lot Size0.45 Acres
Days on Market553

Property Features for Marylinn Drive

General Information

Standard status Pending
Lot size 0.45 Acres
Property subtype Commercial

Site & Location

Neighborhood North San Jose

Amenities

Level
Listing Agency: UNIVERSAL NETWORK GROUP
Listed By: JENNIFER LI · License CA #01714039
Source: Corcoran
Added: May 6, 2025 Changed: Nov 8 Last Checked: Nov 8 at 5:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNIVERSAL NETWORK GROUP

Rey
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Investment Insights

Based on property information with market context.

This property presents a development opportunity subject to city planner approval. Prior plans suggest a potential 3-story build with up to 13,305 square feet. The R3B zoning allows for high-density residential development, potentially up to 9 units. Affordable housing incentives may provide a density bonus of up to 35%. The first floor offers versatile options, including medical, retail, showroom, early education, offices, or senior housing. This property is suited for developers interested in residential or mixed-use projects, particularly those focusing on affordable housing initiatives.

Key Highlights

  • High‑density residential zoning (R3B) allowing up to 9 units, ideal for residential development.
  • Potential for a 35% density bonus through affordable housing incentives.
  • Versatile first‑floor options suitable for medical, retail, office, or senior housing, enabling mixed‑use development.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

1,408
Businesses Nearby

Demographics for 95035, CA

80,440
Population
25,851
Households
3.1
Avg Household Size
37
Median Age
59%
College-Educated
90%
High-School Grad
22.4 sq mi
ZIP Area
3,591
Density / Sq Mi
$176,723
Median Household Income
$81,070
Median Earnings
$3,110
Median Rent
$1,180,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Commercial land in Santa Clara County, CA

$611 Jul
$816 Aug
$779 Sep
$737 Oct

Properties on Market for Commercial land in Santa Clara County

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Commercial land - Land suitable for residential or mixed-use development.
Where is this commercial land located?
The property is located at Marylinn Drive Milpitas, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: High‑density residential zoning (R3B) allowing up to 9 units, ideal for residential development.; Potential for a 35% density bonus through affordable housing incentives.; Versatile first‑floor options suitable for medical, retail, office, or senior housing, enabling mixed‑use development.
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