959 1St St San Jose, CA 95122
- Commercial real estate
- 1,268 SF
Current Use by Public Records
- Commercial real estate
Property Details for 959 1St St
- Property size
- 1,268 SF
- Property type
- Commercial real estate
Description
This exceptional 1,268-square-foot retail condominium is situated in San Jose's thriving Vietnam Town, nestled between Walmart and Grand Century Mall. Priced at $836,880 ($660/sq ft), this newly built property offers a fantastic opportunity for ownership rather than leasing. Ideal for various uses, including medical, dental, professional offices, or retail businesses. The unit boasts a 16-foot clear height (approx.) and a completed restroom. Electrical service is 100 Amps, 120/208 Volt, 3-phase 4-wire. The property benefits from easy access to Highways 101, 280, and 680, and proximity to Mineta San Jose International Airport. SBA financing is available at 90% of the purchase price. This is a prime investment opportunity offering long-term tenant potential, minimal maintenance costs, and strong rental income potential. The building features a total of 17 office and 17 retail units, with the possibility of combining units for larger spaces. A unique Lease-to-Own program is also available, 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, with the buyer able to exercise the purchase option within two years. Located at 959 Story Rd Bldg H 1st floor (5175), San Jose, CA 95122.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.8588518
- Latitude
- 37.3324894
