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 exceptional 1,198 square foot retail condominium, located within the thriving Vietnam Town shopping center in San Jose, California (959 Story Rd Suite 5225, zip code 95122), presents a unique investment opportunity. Situated between Walmart and Grand Century Mall, this newly built property offers the pride of ownership that comes with owning, rather than leasing, commercial space. The unit is part of a vibrant complex featuring a mix of medical, professional, and retail tenants, creating a bustling and attractive environment. Ideal for a variety of uses, including medical practices (dental, clinic, urgent care), professional offices (optometry, insurance, legal), and retail businesses (fashion, food, etc.). The unit boasts approximately 16-foot clear height and comes with a completed restroom. Electrical service is 100 amps, 120/208 volts, 3-phase 4-wire. The property benefits from excellent access to Highways 101, 280, and 680, and proximity to Mineta San Jose International Airport. A unique Lease-to-Own program is available, offering a lease rate as low as $2.00 per square foot (NNN) with a potential six-month rent abatement, a three-year lease term, and a purchase option exercisable within two years. SBA financing is available at 90% of the purchase price, making this an attractive option for many businesses. Units can be combined to create larger spaces, offering flexibility for expanding businesses. The asking price for this exceptional property is $658,900.

Location Insight

City

San Jose

County

Santa Clara

State

California

Longitude

-121.859

Latitude

37.3325