1550 Leigh AveSan Jose, CA 95125

Property Details for 1550 Leigh Ave

Year built

1967

Lot size

1.32 AC

Property size (Sq ft)

18,692 SF

Zone code

SJ

Property type

Office properties

Property subtype

Office buildings

APN

284-22-022

APU

28422022

Description

This exceptional 19,000-square-foot property at 1550 Leigh Ave in San Jose, California, presents a unique investment opportunity. Situated on a 1.32-acre lot in Santa Clara County, this single-tenant building offers a versatile space ideal for medical offices or warehouse operations. The property boasts a convenient one-story design, eliminating the need for elevators and simplifying logistics. Ample parking is available with 71 stalls, providing a generous 3.8 spaces per 1,000 square feet. The entire 19,000 square feet is currently vacant, allowing for complete customization to suit a tenant's specific needs. The property is zoned COMMERCIAL OFFICE (CO), ensuring flexibility and compliance with various business operations. Its location in San Jose, CA, zip code 95125, offers excellent access to major transportation routes and a thriving business community. This is a rare chance to acquire a substantial, well-located property with significant potential for growth and return on investment. The property's size and features make it suitable for a wide range of businesses seeking a functional and spacious workspace. The ample parking further enhances its appeal to both employees and clients. This is a prime opportunity to secure a significant commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,846,450

  6.5%

  $5,396,723

  7%

  $5,011,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,213,386

  Geo Method

  $5,213,386

• Alternative Use

  Use

  Valuation

  Residential

  $6,691,936

  Hospitality

  $6,129,778

  Educational

  $5,099,903

  Medical

  $5,275,296

  Retail

  $7,933,183

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.295

Longitude

-121.922

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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