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Listed by Stephen Thaddeus Wawryk • KW Bay Area Estates
$5,600,000
Est. payment /mo
0.67 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81995434
Lot Size 0.670 Acres
Property Sub-Type Residential Development Land
Property Description
1793 Lafayette St, Santa Clara offers a rare opportunity for an Owner/User to utilize the space and convert the 22,551 SqFt building into residential or build brand new: Condos, Apartments, Co-Living, or Live/Work. Medium-Density Residential zoning allows for 24 units + 8-9 potential ADUs - priced at $175k per unit. With the average rent in Santa Clara at $3,062, once converted into multifamily, the property can be expected to gross nearly $1.2M in rents per year. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.
Location
State CA
County Santa Clara
Area Santa Clara
Zoning Medium Density Residential
Exterior
Fence Gate
Utilities Available Public Utilities
Present Use Office
Building
Lot Description Regular
Sewer Sewer - Public
Water Public
Others
Tax ID 224-29-021
Horse Property No
Special Listing Condition Not Applicable
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