325 N 3rd St 8,500 SF Specialty Building Offered at $4,136,790 CAD in San Jose, CA 95112

This exciting offer provides religious organizations, office businesses, and investors with the unique opportunity to acquire an expertly maintained religious facility with a terrific location in Downtown San Jose at 325 N 3rd Street. The building currently operates as a relief center, and offers significant optionality for use as a church, commercial offices, or residential apartments. Zoned R4, the property provides the long-term upside as a carried land play, allowing the redevelopment or reuse to create new multifamily apartments. Placed within a designated opportunity zone, a redevelopment project can potentially access substantial capital gains tax incentives after meeting the required investment threshold.

Comprising a total of 8,500 square feet across two floors, 325 N 3rd Street offers a wealth of desirable features that set it apart from competitors in the area. The building offers a full commercial kitchen, multiple classrooms, a large meeting hall, private office space, restrooms with showers, an ablution area, a laundry room, and a fenced and landscaped backyard. The exteriors feature an eye-catching Spanish style architecture with mission tile roofing that draw the attention of more than 11,500 vehicles passing the property along 3rd Street each day.

Sitting near the heart of Downtown San Jose, 325 N 3rd Street enjoys proximity to the city’s top-rated boutique shops, local restaurants, and beautiful parks. Residents can walk to both St James Park and the Guadalupe River Park, providing miles of scenic, winding trails. Additionally, the location is a hotspot for students, sitting within walking distance of San Jose State University. Reaching the property is made easy by convenient access to nearby highways, including Highway 87, Highway 130, and Interstate 280.