1995 Old Calaveras Rd Milpitas, CA 95035
- Commercial real estate
- 19.72 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1995 Old Calaveras Rd
- Lot size
- 19.72 lot acres
- Property type
- Commercial real estate
- APN
- 029-30-016
Description
This exceptional 19.72-acre commercial property located at 1995 Old Calaveras Rd, Milpitas, CA 95035 (APN 029-30-016) presents a unique investment opportunity. Zoned HS-D2, it offers significant potential for residential development, aligning with SB330 guidelines. The property boasts a diverse range of permitted uses, including residential construction, wholesale nurseries, and wineries. Additional permitted uses, subject to permit approval, encompass religious institutions, schools, and solar energy conversion facilities. The site's strategic location is adjacent to multi-million dollar estates and directly across from established subdivisions, suggesting strong market demand and potential for high returns. Existing improvements include a 9600 sq ft storage building and a residence, offering immediate income potential or redevelopment options. Detailed zoning information is available through the Santa Clara County Zoning Ordinance. This property is offered at $11,990,000 and presents a compelling opportunity for discerning investors seeking high-growth potential in a desirable location. The property's versatility and prime location make it an exceptional investment opportunity.
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
- Milpitas
- County
- Santa Clara
- State
- California
- Longitude
- -121.876029
- Latitude
- 37.4444375
