556 N 1st St is a stunning medical office owner-user investment opportunity located in the thriving downtown area of San Jose, California. Situated on a parcel of land totaling 9,822 square feet, the subject property features a gross building area of approximately 8,350 square feet. The subject property underwent significant… Read More improvements in 2020 and consists of 4 units, each with an en-suite restroom. Additionally, 2 units have existing buildouts for a dental office with a laboratory. Per the City of San Jose, tenants are responsible for obtaining the requisite permit(s) to operate their respective businesses. Zoning on the property is Commercial Pedestrian (CP), which permits many uses for offices and financial services, including medical offices, general services, among others, with the intention of supporting pedestrian-oriented retail activity at a scale compatible with surrounding neighborhoods. Buyer to verify. Nestled near Japantown, the Hensley Historic District, and Downtown San Jose, tenants at 556 N 1st St have convenient access to the city's amenities, restaurants, and entertainment options. The property is also close to California Highway 87, providing easy access to the rest of the city and the greater San Francisco Bay Area. Read Less
Courtesy of Marcus & Millichap, Andres Lopez 408-421-4703
Listing Snapshot
Days Online
1
Last Updated
Property Type
Commercial Property
Square Ft.
8,350
Lot Size
0.23 Acres
Year Built
1961
MLS Number
ML82037885
30 Days Snapshot Of 95112
$874k
-36%
(avg) sold price
13
+18%
homes sold
31
-58%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 9822.00, Max Area Units: Square Feet, 0 yard square feet, Lot is 0.22548209366391 acres
Accessibility Features
Parking
Building
8,350 structure square feet, 8,350 net leasable square feet, 0 warehouse square feet, Built in 1961, 1 building, Age: 65
Cooling
Central AC, Window / Wall Unit
Foundation
Concrete Perimeter
Garage
Covered Parking
Water Features
Public
Heating
Central Forced Air
Interior Features
Minimum ceiling height: 8
Tenant Pays
Rent Only, Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 54679
Parking
20 parking spaces
Property
Zoning: CP
Roof
Flat / Low Pitch
Security Features
Controlled / Secured Access
Taxes
Annual tax amount: $24,139
Utilities
Individual Electric Meters, Individual Gas Meters, Master Water, Separate Electric, Separate Gas
Sewer
Sewer - Public
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