480 North 1st Street, San Jose, CA

Price: $ UNPRICED

Executive Summary

The Ivy Group and HAYLEN Group are pleased to offer for sale a freestanding two story office building located in the Central Business District of San Jose, CA. Zoned Commercial Office (CO), the property was built in 1957, renovated in 2017, and is perfectly suited for an owner/user.

The property is improved with 100% office. It features one elevator, 100% dropped down 9 feet ceilings, ADA compliant and is fully protected by fire sprinklers throughout the building. The property is equipped with: 6 restrooms, air conditioning and heating throughout the offices, 1 full kitchen, 1 staff kitchen, laundry room, 30 parking spaces and served with 500 amps at 120/208 volts, 3 phase. This is a unique opportunity for an owner/user to acquire the Property and operate its own business, or an investor to place strong tenant(s) to occupy the Property for steady income.

The property is located in the Downtown San Jose East Submarket, and situated at the corner of North 1st Street and East Empire Street. It is surrounded by numerous restaurants, public transportation nodes and convenient nearby amenities. With easy access to highways 101 and 880, the property is in close proximity to the VTA lightrail station and bus stops. It is less than one mile from the future Google San Jose mega campus. The Property is conveniently located less than 5 miles from San Jose Mineta International Airport.

Offering Memorandum
Due Diligence

Highlights

  • Building Size

    17,290 square feet

  • Lot Size

    25,440 square feet (0.58 acres)

  • Year Built

    1957 / 2017 (renovated)

  • Power

    120 / 208 volts, 500 amps, 3 Ø

  • Zoning

    Commercial Office (CO)

  • Use

    Office, medical, daycare, etc

  • Freeway Access

    Convenient and easy access to freeways 101 and 880

  • Accessibility

    Located across from Japantown / Ayer VTA Light Rail

  • Bus Stop

    Walking distance to major bus stops

480 N 1st Street, San Jose, CA 95112

3D Virtual Tour

Location

San Jose is the economic, cultural, and political center of Silicon Valley and the largest city in Northern California (both by population and area).

With an estimated 2018 population of 1,030,119, it is the third-most populous city in California (after Los Angeles and San Diego) and the tenth-most populous in United States. Located in the center of the Santa Clara Valley, on the southern shore of San Francisco Bay, San Jose covers an area of 179.97 square miles (466.1 km2). San Jose is the county seat of Santa Clara County, the most affluent county in California and one of the most affluent counties in the United States.

San Jose’s location within the booming high-tech industry, as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley”. San Jose is one of the wealthiest major cities in the United States and the world, and has the third highest GDP per capita in the world (after Zürich, Switzerland and Oslo, Norway), according to the Brookings Institution.

The San Jose Metropolitan Area has the most millionaires and the most billionaires in the United States per capita.

San Jose, CA Demographics