959 Story Rd San Jose, CA 95122

Property Details for 959 Story Rd

Year built

2017

Property size

1,210 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Prime San Jose retail condominium for sale at $798,600. This 1,210 square foot, two-story unit is located in the thriving Vietnam Town shopping center at 959 Story Rd Suite 5165, San Jose, CA 95122, within Santa Clara County. Built in 2017, this property offers a fantastic opportunity for business owners seeking to own their space. The unit is part of a larger complex with a mix of retail and professional office spaces, providing a diverse and vibrant business environment. The property features a 16-foot clear height (approximate) and comes with a completed restroom. Electrical service is 100 Amps, 120/208 Volt, 3-phase 4-wire. Units can be combined to create larger spaces, offering flexibility for expanding businesses. The convenient location provides easy access to Highways 101, 280, and 680, as well as Mineta San Jose International Airport. SBA financing is available, allowing for potentially low down payments. A lease-to-own option is also available for upstairs units, with a lease rate as low as $2.00 per square foot NNN, including a six-month base rent concession and a three-year lease term. The purchase price is locked in, with the buyer able to exercise the purchase option within two years. This is an exceptional opportunity to own a newly built commercial property in a high-growth area, eliminating ongoing lease payments and providing long-term investment potential. The property's APN is 472-47-237. Occupancy is available March 14, 2024.