CA > San Jose
San Jose, CA 95113,200 S 1st ST
San Jose, CA 95113,200 S 1st ST
San Jose, CA 95113,200 S 1st ST
San Jose, CA 95113,200 S 1st ST
San Jose, CA 95113,200 S 1st ST
San Jose, CA 95113,200 S 1st ST
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Eduardo Huerta

Eduardo Huerta

+1(408) 272-1031
$ 12,000,000
Est. payment | /mo

1 Bath

45,610 SqFt

Save
$ 12,000,000
Est. payment | /mo
Save

1 Bath

45,610 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 45,610 sqft

Price per Sqft $263

MLS Listing ID ML81966157

Full Baths 1

Year Built 1917

Lot Size 8,712 Sqft

Property Description

Newmark, as an exclusive advisor is proud to present the Twohy Lofts in vibrant Downtown San Jose. The 5-story building consists of 36 Loft Style units and ground floor retail which has recently undergone significant renovations to seismic, mechanical and electrical systems providing old world charm coupled with a modern infrastructure. An investor can acquire this historic, but like-new building at a significant discount to replacement cost. The high-identity classic revival architecture building sits prominently on the Paseo de San Antonio and S. 1st Street. The ground floor features approximately 8,350 sq ft of retail space currently occupied by Scotts Seafood and San Jose Candy Kitchen. Ornate details true to period of its original 1917 construction can be found throughout the building. While the assets financial performance is stable, NOI optimization can be enhanced through a combination of embedded rent increases coupled with unit modernization upon turnover. The property is not subject to San Joses Apartment Rent Ordinance and is on the Mills Act which provides substantial property tax abatement. San Jose State University, with a growing 36,000+ student body and another 3,700 in employees is a mere four blocks away. WalkScore of 96!

Location

State CA

County Santa Clara

Area Central San Jose

Building/Complex Name Twohy Lofts

Zoning DC

Interior

Heating Forced Air

Cooling Multi-Zone

Exterior

Garage Metered or Fee

Utilities Available Public Utilities

Roof Type Polyurethane

Building

Foundation Quake Bracing, Steel Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 467-46-030

Security Features Fire Alarm ,Fire System - Sprinkler,Fire System - Suppression,Security Building

Special Listing Condition Not Applicable

MLSListings Inc. (MLSListings)
© 2024 MLSListings Inc. All rights reserved.
Listed by Joel Hopman • Newmark Cornish & Carey

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Eduardo Huerta

REALTOR®, Mortgage Loan Originator, Broker-Owner | Lic# 1391479

+1(408) 272-1031

750 N. Capitol Ave. Suite B2, Jose, CA, 95133

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200 S 1st ST