95112 Archives | Sands Investment Group

Sands Investment Group is Pleased to Present Exclusively For Sale an Excellent Redevelopment Opportunity Located at 1490 N 1st Street in San Jose, CA. This Deal Includes a Prime Urban Infill Location Within the San Jose Market. The Site is Currently Operating as a Denny’s on a Short-Term Lease That Can Be Negotiated For Extension or Terminated.

Asset Currently Being Operated as Denny’s; The Denny’s Lease Can Be Negotiated or Terminated
Site Sits on 0.63 Acres
High Barriers to Entry
Prime Urban Infill Location Zoned CN (Commercial Neighborhood) With the Land Use Designation of Urban Village; This Allows For Commercial, Residential and Mixed Use Developments With a Max Building Height of 150 Feet
This Property Has Excellent Visibility Being Right on a Busy Street and Ease of Access With Multiple Points of Entry; Traffic Counts Exceed 35,000 VPD on North 1st Street
Multifamily Occupancy Rates Within a 1-Mile Radius Are 97.2%; Office Occupancy Rates Within a 1-Mile Radius Are 89%; Retail Occupancy Rates Within a 1-Mile Radius Are 95.1%
The Average Multifamily Rent/SF Within a 1-Mile Radius is ~$3.00; The Average Office Rent/SF Within a 1-Mile Radius is $48.31; The Average Retail Rent/SF Within a 1-Mile Radius is $34.39
San Jose is a Technology and Cultural Center in the Bay Area With Many Large Well-Known Employers in the Area Like Apple, Meta, Adobe and Oracle
The San Jose Area Boasts a Populous of Over 1.5 Million Within 10-Mile Radius of the Property
South Bay Area is Affluent With an Average Household Income of Nearly $160,000
Property Benefits From the Cross Traffic of Neighboring Properties as It’s Surrounded By the San Jose Airport Inn, Extended Stay America, Four Points by Sheraton, Wyndham Garden, Country Inn & Suites, Pavilion Inn and Many More