Redevelopment Opportunity

Redevelopment Opportunity | San Jose, CA

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

In Cooperation With Sands Investment Group, Inc Lic. # 01768950

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