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$ 5,600,000
Est. payment | /mo
0.67 Acres Lot
$ 5,600,000
Est. payment | /mo
0.67 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81995434
HOA Y/N No
Lot Size 0.670 Acres
Property Description
4 minutes from Santa Clara University - 1793 Lafayette St offers a rare opportunity for an Owner/User to utilize the space and convert the 22,551 SqFt building into residential or build brand new: Townhomes, Multifamily, Co-Living, or Live/Work. Recently zoned Medium-Density Residential, the 29,185 SqFt lot allows for 24 units + 8-9 potential ADUs. With the average rent in Santa Clara at $3,062, once converted into multifamily, the property can be expected to gross nearly $1.2M in rents per year. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning Medium Density Residentia
Interior
Fireplace No
Exterior
View Y/N No
Building
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 22429021
Special Listing Condition Standard
Listed by Stephen Thaddeus Wawryk KW Bay Area Estates
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