100% Leased and Situated Between Two City-Owned Development Parcels

1482 South Main Street, Milpitas, 95035

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Retail | For Sale | $4,100,000 | 26,400 sqft

Established multi tenant automotive repair facility and office showroom with stable tenants and limited management responsibility. Subject property is zoned R4-TOD and is situated on 71,873 square feet of land with approximate 26,440 square feet of building area within three buildings. The property is 100% leased with terms less than 18 months. Current NOI $214,529. The site is Transit Oriented, High Density Multi-family residential which allows for a maximum of 60 units per acre. This Investment offers a prospective investor a stable and secure investment opportunity with the upside potential to either increase below market rents or redevelop as a high density residential complex. Contact City Planning for detail.
Motivated seller.

Price Per Sqft: $155

Available: 06/07/2011

Year Built: 1984

Listing ID: 185312


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1482 South Main Street Details:

Building Description:

Established multi tenant automotive repair facility and office showroom with stable tenants and limited management responsibility. Subject property is zoned R4-TOD and is situated on 71,873 square feet of land with approximate 26,440 square feet of building area within three buildings. The property is 100% leased with terms less than 18 months. Current NOI $214,529. The site is Transit Oriented, High Density Multi-family residential which allows for a maximum of 60 units per acre. This Investment offers a prospective investor a stable and secure investment opportunity with the upside potential to either increase below market rents or redevelop as a high density residential complex. Contact City Planning for detail.
Motivated seller.

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