1790 1St St San Jose, CA 95112
This exceptional 2.16-acre commercial land parcel in San Jose, CA, presents a remarkable development opportunity. Located at 1790 N First St, in the desirable 95112 zip code, this property boasts a prime location adjacent to the Bay 101 Casino and offers unparalleled access to major transportation arteries, including Highway 101, Interstate 880, and San Jose International Airport (SJC). The site is fully improved with a finished pad and a 108-space parking lot, significantly reducing development time and costs. The property is designated within an Opportunity Zone, offering potential tax advantages. With a height limit of 310 feet, this site is approved for a substantial development, originally planned for a 10-story hotel. The parcel's APN is 235-01-026,027. This is a rare chance to acquire a ready-to-develop site in a high-demand area with excellent visibility from Highway 101. The asking price for this exceptional property is $12,500,000. Don't miss this opportunity to capitalize on the thriving San Jose market. This property is currently in escrow.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.