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3503-3519 El Camino Real
Santa Clara, CA 95051
Lawrence Square · Retail Property For Sale
Investment Highlights
- Rare 10.6-Acre Silicon Valley Infill Site — One of the largest contiguous single parcel development opportunities in Silicon Valley
- Maximum Repositioning Flexibility - ±76% vacant with in-place tenants on short-term leases
- Exceptional Demographics — Average household income over $200,000 and population exceeding 545,000 within five miles
- Prime Hard-Corner Location - Signalized intersection of El Camino Real and Lawrence Expressway
- Surrounded by Major Employers — Minutes from Apple, Nvidia, Intel, Kaiser Permanente, and Santa Clara’s tech employment core
- Proven Corridor Transformation — Located within the Grand Boulevard Initiative
Executive Summary
Marcus & Millichap is pleased to present Lawrence Square, a rare ±10.6-acre repositioning and development opportunity located at the signalized corner of El Camino Real and Lawrence Expressway in the heart of Silicon Valley. The property consists of ±105,794-square-foot multi-tenant retail center on ±461,736 square feet of land with frontage on four streets, including approximately a quarter mile along El Camino Real, one of the most heavily trafficked commercial corridors in Santa Clara County.
With the center currently ±76 percent vacant and all remaining tenants on short-term leases, Lawrence Square offers a buyer immediate site control and maximum flexibility — a true blank canvas in a market where large, unencumbered infill parcels are virtually nonexistent.
The site sits at the center of one of the nation’s most supply-constrained housing markets, surrounded by world-class employers including Apple, Nvidia, Intel, and Kaiser Permanente. Average household income within five miles exceeds $200,000, and median home values in the trade area surpass $1,000,000 — fundamentals that strongly support a residential mixed-use exit. Positioned along the Grand Boulevard Initiative corridor, Lawrence Square represents one of the largest and most compelling redevelopment opportunities on El Camino Real today.
***ZONING***
Buyer to independently verify all zoning, permitted uses, and development potential with the City. Marcus & Millichap makes no representation or warranty regarding zoning or permitted uses.
***ENVIRONMENTAL***
For questions regarding environmental conditions, buyer to contact listing brokers. Marcus & Millichap makes no representation or warranty regarding environmental condition of the property.
With the center currently ±76 percent vacant and all remaining tenants on short-term leases, Lawrence Square offers a buyer immediate site control and maximum flexibility — a true blank canvas in a market where large, unencumbered infill parcels are virtually nonexistent.
The site sits at the center of one of the nation’s most supply-constrained housing markets, surrounded by world-class employers including Apple, Nvidia, Intel, and Kaiser Permanente. Average household income within five miles exceeds $200,000, and median home values in the trade area surpass $1,000,000 — fundamentals that strongly support a residential mixed-use exit. Positioned along the Grand Boulevard Initiative corridor, Lawrence Square represents one of the largest and most compelling redevelopment opportunities on El Camino Real today.
***ZONING***
Buyer to independently verify all zoning, permitted uses, and development potential with the City. Marcus & Millichap makes no representation or warranty regarding zoning or permitted uses.
***ENVIRONMENTAL***
For questions regarding environmental conditions, buyer to contact listing brokers. Marcus & Millichap makes no representation or warranty regarding environmental condition of the property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
105,794 SF
Building Class
C
Year Built
1959
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
10.60 AC
Zoning
MU-RC - Mixed-Use Regional Commercial
Parking
100 Spaces (0.95 Spaces per 1,000 SF Leased)
Frontage
812’ on El Camino Real
Amenities
- Bus Line
- Food Court
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 220-03-010 | Improvements Assessment | $7,704,373 CAD |
| Land Assessment | $8,443,055 CAD | Total Assessment | $16,147,428 CAD |
Property Taxes
Parcel Number
220-03-010
Land Assessment
$8,443,055 CAD
Improvements Assessment
$7,704,373 CAD
Total Assessment
$16,147,428 CAD
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