247 E Saint John Street, San Jose, CA 95112
List Price: $2.5M
Listing Status: Active
Original List Price: $2.8M
0Days on Market: 196
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1928
Lot Size: 12,289 sq ft
Annual Property Tax: $30,978
MLS Number: ML82033242
About This Property
Premier opportunity to acquire a 100% fee simple stand-alone mixed-use asset located in the heart of Downtown San Jose. The Property is ideally situated just two blocks from San Jose City Hall, within walking distance of San José State University, approximately five minutes from Diridon Station, and in the epicenter of numerous active and proposed residential and commercial high-rise developments. The building is currently 100% occupied on short-term leases, offering immediate income with near-term flexibility. The ground-floor commercial light industrial unit is leased to an established HVAC business and features multiple private offices, ample open warehouse space, and roll-up doors, making it well-suited for a variety of owner-user or industrial service uses. The second-story residential unit consists of a spacious three-bedroom, one-bathroom apartment leased on a month-to-month basis. This tenancy structure presents a compelling opportunity for an owner-user to occupy all or a portion of the Propertyparticularly the ground floorwhile generating supplemental passive income from the residential unit above. Investors may also benefit from repositioning potential through rental adjustments or future redevelopment, subject to zoning and city approvals.
Listing provided by: Carlos Padilla DRE #01342889 (650) 947-4700 cpadilla@intero.com, Intero Real Estate Services
Source: CRMLS, MLS #: ML82033242