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Listed by Michael Shields • SiliconValley MultiFamilyGroup, DRE#01327546
$ 3,995,000
Est. payment | /mo
0.52 Acres Lot
$ 3,995,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82045507
Lot Size 0.517 Acres
Property Sub-Type Residential Development Land
Property Description
Vacant land at 2080 Almaden Road represents a compelling infill opportunity in one of San Jose's most desirable and established residential markets. Situated on a level lot of 0.52 acres (22,500 SF) within the Urban Residential zoning designation, the site offers a developer the potential for a townhome community of up to 15 units, or the possibility of an affordable solution with a higher unit count. (Subject to buyer verification and city approvals.) Preliminary conceptual plans envision a collection of three-story, 4-bedroom townhomes with attached garages, designed to meet the strong and ongoing demand for quality housing in Silicon Valley. The site's size and location is well suited for a market-rate housing townhome development or could accommodate potential affordability strategies, depending on a developers objectives. Existing improvements are minimal and consist of a small, vacant structure requiring minimal demolition, helping streamline early-stage planning and development considerations. The site was previously entitled for 86 affordable studio units, demonstrating established residential precedent and reinforcing its viability for new housing development.
Location
State CA
County Santa Clara
Area Willow Glen
Zoning R1
Exterior
Fence Fenced
Utilities Available Other
Present Use Bare Land,Vacant
Building
Lot Description Grade - Level
Sewer Sewer Available
Water Other
Others
Tax ID 456-09-008
Horse Property No
Special Listing Condition Not Applicable
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REALTOR®, Mortgage Loan Originator, Broker-Owner | Lic# Ed: 1391479