959 Story Rd San Jose, CA 95122

Property Details for 959 Story Rd

Property size

1,198 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 1,198 square foot commercial condominium, located at 959 Story Rd Suite 5220 in San Jose, California (zip code 95122), presents a fantastic investment opportunity. Situated in the rapidly growing Vietnam Town shopping center at the intersection of Story Road and Lucretia Avenue, this newly built property offers significant advantages. The asking price is $658,900, translating to $550 per square foot. 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. This property is ideal for a variety of uses, including medical, professional, and retail businesses. The location provides convenient access to Highways 101, 280, and 680, as well as Mineta San Jose International Airport. Small Business Administration (SBA) financing is available, allowing for ownership with as little as 10% down payment. A unique Lease-to-Own program is also offered, with lease rates as low as $2.00 per square foot (NNN), including a potential six-month rent-free period and a three-year lease term. The purchase price is locked in, and the buyer can exercise the purchase option within two years. The building features approximately 16-foot clear height ceilings, and units range from 558 to 1,583 square feet. A total of 17 office and 17 retail units are available, each with a completed restroom and 100-amp, 120/208-volt, 3-phase 4-wire power.