1856 Almaden Rd 2,320 SF 100% Leased Industrial Building San Jose, CA 95125 $2,652,248 CAD ($1,143.21 CAD/SF) 6.07% Cap Rate

Zoning changed June 23, 2025 to Urban Residential(UR) offering the opportunity to develop 13-39 residential units (verify with SJ city). Current Heavy Industrial (HI) zoning/use is grandfathered in. Surrounding lots' zoning was also changed by the City to Urban Residential. Ideal balance of optimal opportunity to use this property in its current state as an owner user and/or collect rental revenue and hold long term for tremendous residential development.
This property's layout and amenities are ideal for auto repair/ auto service tenants. The larger building consists of 3 units, all of which have roll up doors in the back and customer entrance doors in the front. All four units have full bathrooms and various size office spaces.
Please contact listing agent for the bidding link. Approx. 2,320 SF of interior space between the four original units plus one garage structure (approx. 300 SF) added without permit by the previous owner. listing Active contingent- Accepting back up offers
The approximately 18,295 sqft lot offers ample functional space. There are 25 regular parking stalls: 13 inside the yard, 7 street parking, 5 in front of the larger building. The lot can accommodate up to 35-40 tandem parked cars. Approximately ninety percent (90%) of the blacktop was resurfaced in May 2025.