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1706 Monterey Hwy
San Jose, CA 95112
1.84 AC for Dev. Commercial/Industrial Zoning · Land For Sale
·
1.84 AC
Investment Highlights
- Rare 28 Unit Motel on a 1.84 AC Parcel | Small Freestanding Individual Units with Parking
- Development Opportunity - Combined Industrial/Commercial General Land Use Designation
- Large 1.84 AC Parcel
- Strong Demographics with Household Incomes in Excess of $109,380 in a 1-Mile Radius
Executive Summary
- RARE 28 UNIT MOTEL/REDEVELOPMENT OPPORTUNITY ON 1.84 AC FOR SALE
- Approximately 15,000 SF of unutilized land in the back of the motel which allows an investor to potentially add additional units to the existing 28-unit motel.
- Combined Industrial/Commercial General Plan Designation which is intended for commercial or industrial uses, or a compatible mixture of these uses, that support the goals of the combined industrial/commercial general plan designation. The district allows for a broad range of commercial uses with a local or regional market, including big box retail, and a narrower range of industrial uses, primarily industrial park in nature, but including some low-intensity light industrial uses.
- Strong Demographics with Household Incomes in Excess of $109,380 in a 1-Mile Radius
- Approximately 15,000 SF of unutilized land in the back of the motel which allows an investor to potentially add additional units to the existing 28-unit motel.
- Combined Industrial/Commercial General Plan Designation which is intended for commercial or industrial uses, or a compatible mixture of these uses, that support the goals of the combined industrial/commercial general plan designation. The district allows for a broad range of commercial uses with a local or regional market, including big box retail, and a narrower range of industrial uses, primarily industrial park in nature, but including some low-intensity light industrial uses.
- Strong Demographics with Household Incomes in Excess of $109,380 in a 1-Mile Radius
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.84 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | CIC - Combined Industrial/Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.84 AC |
| Opportunity Zone |
Yes |
| Zoning | CIC - Combined Industrial/Commercial |
1 Lot Available
Lot
| Lot Size | 1.84 AC |
| Lot Size | 1.84 AC |
28-Unit Motel on 1.84 Acres
Property Taxes
| Parcel Number | 477-24-030 | Improvements Assessment | $311,216 CAD |
| Land Assessment | $523,866 CAD | Total Assessment | $835,082 CAD |
Property Taxes
Parcel Number
477-24-030
Land Assessment
$523,866 CAD
Improvements Assessment
$311,216 CAD
Total Assessment
$835,082 CAD
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