1770 1St St San Jose, CA 95112

Property Details for 1770 1St St

Lot size

2.19 lot acres

Property type

Land

Description

This exceptional San Jose investment opportunity encompasses two development-ready pads totaling approximately 2.19 to 2.39 acres, situated at 1770 and 1790 North First Street, Santa Clara County, CA 95112. The property boasts a prime location, offering excellent visibility from Highway 101 and proximity to Interstates 880 and San Jose International Airport (SJC). The land is zoned CG (PD) – Planned Development, with APN numbers 235-01-029,030; 235-01-026,027. Pad 1, a fully entitled site, is ready for construction of a 171-room Home2 Suites by Hilton hotel. This pad features 94,199 square feet, four stories, and 153 parking spaces. Construction drawings were 100% complete in July 2022, and a PD permit amendment has been approved. The finished pad and parking lot are in place. Pad 2, spanning approximately 2.16 acres, presents a significant development opportunity for a hotel or assisted living facility, with a 310-foot height limit and 108 parking spaces. This pad also includes a finished pad and parking lot. Both pads are located within an Opportunity Zone, offering potential tax advantages. The existing General Plan designation is Transit Employment Center. This property offers a rare chance to acquire two fully prepared development sites in a high-demand area.