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556 N 1st St 8,350 SF Office Building San Jose, CA 95112 $2,754,496 CAD ($329.88 CAD/SF)
Investment Highlights
- Located in the vibrant downtown San Jose area, offering proximity to major employers and business hubs.
- Excellent connectivity via California Highway 87, ensuring convenient access to the greater San Francisco Bay Area.
- Close to shopping, dining, and entertainment options, creating an attractive environment for tenants and visitors.
- Recently improved in 2020, providing modernized infrastructure and updated finishes.
- Surrounded by a strong employment base and low vacancy market, enhancing long-term investment stability.
- Zoned Commercial Pedestrian (CP), allowing a wide range of permitted uses including medical and professional offices.
Executive Summary
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 had undergone significant improvements in 2020 and consists of 4 units with end-suite restrooms for each. Additionally, 2 units have existing buildouts for a dental office with a laboratory. Per 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 has many permitted uses for most offices and financial services including medical offices, general services, among many others with the intention to support pedestrian-oriented retail activity at a scale compatible with surrounding neighborhoods. Buyer to verify.
Nestled by Japantown, the Hensley Historic District, and Downtown San Jose, tenants at 556 N 1st St have convenient access to the various amenities, restaurants, and entertainment options that the city has to offer. The property is also situated close to California Highway 87, providing easy access to the rest of the city as well as the greater San Francisco Bay Area.
The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the South Bay, 556 N 1st St presents an attractive choice for investors due to its close proximity to downtown, major employers, transportation corridors, shopping, dining, and entertainment options.
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 had undergone significant improvements in 2020 and consists of 4 units with end-suite restrooms for each. Additionally, 2 units have existing buildouts for a dental office with a laboratory. Per 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 has many permitted uses for most offices and financial services including medical offices, general services, among many others with the intention to support pedestrian-oriented retail activity at a scale compatible with surrounding neighborhoods. Buyer to verify.
Nestled by Japantown, the Hensley Historic District, and Downtown San Jose, tenants at 556 N 1st St have convenient access to the various amenities, restaurants, and entertainment options that the city has to offer. The property is also situated close to California Highway 87, providing easy access to the rest of the city as well as the greater San Francisco Bay Area.
The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the South Bay, 556 N 1st St presents an attractive choice for investors due to its close proximity to downtown, major employers, transportation corridors, shopping, dining, and entertainment options.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
8,350 SF
Building Class
C
Year Built/Renovated
1961/2020
Price
$2,754,496 CAD
Price Per SF
$329.88 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,175 SF
Building FAR
0.83
Lot Size
0.23 AC
Zoning
CP - Commercial Pedestrian
Parking
26 Spaces (3.11 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Signage
- Central Heating
- Plug & Play
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The rent is based on a Triple N contract. Please contact info@i-managements.com for more info. Fully furnished and dental plumbing for dental/medical office.
Fully furnished space, perfect for a new dental or medical space.
Furnished space, perfect for a new dental or medical space.
Furnished space, perfect for a new dental, medical or yoga space.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 2,350 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 102 | 1,400 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 103 | 1,700 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 201 | 2,900 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 101
| Size |
| 2,350 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 102
| Size |
| 1,400 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 103
| Size |
| 1,700 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 2,900 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 101
| Size | 2,350 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
The rent is based on a Triple N contract. Please contact info@i-managements.com for more info. Fully furnished and dental plumbing for dental/medical office.
1st Fl-Ste 102
| Size | 1,400 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Fully furnished space, perfect for a new dental or medical space.
1st Fl-Ste 103
| Size | 1,700 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Furnished space, perfect for a new dental or medical space.
2nd Fl-Ste 201
| Size | 2,900 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Furnished space, perfect for a new dental, medical or yoga space.
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 249-43-083 | Improvements Assessment | $3,048,222 CAD |
| Land Assessment | $1,170,096 CAD | Total Assessment | $4,218,318 CAD |
Property Taxes
Parcel Number
249-43-083
Land Assessment
$1,170,096 CAD
Improvements Assessment
$3,048,222 CAD
Total Assessment
$4,218,318 CAD
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556 N 1st St
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