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Listed by Hamid Abtahi • Elite Realty Services, DRE#01071456
$ 1,528,000
Est. payment | /mo
0.73 Acres Lot
$ 1,528,000
Est. payment | /mo
0.73 Acres Lot
Key Details
Property Type Commercial
Sub Type Planned Unit Development
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82053506
Lot Size 0.730 Acres
Property Sub-Type Planned Unit Development
Property Description
Rare development opportunity in the heart of Silicon Valley. This strategically located parcel in Milpitas is zoned NCMU-3 (Neighborhood Commercial Mixed-Use), offering exceptional flexibility for a variety of potential uses (buyer to verify with the City of Milpitas). Possible development options include residential projects such as townhomes, condominiums, apartments, or multi-family housing, as well as commercial retail, office, or mixed-use configurations with ground-floor commercial and residential units above. Ideally situated near major transportation corridors including I-880, I-680, and Highway 237, and with convenient access to BART and VTA transit, the property benefits from strong regional connectivity. The surrounding area is supported by a robust local economy, proximity to major Silicon Valley employers, and continued growth and investment. With strong housing demand and long-term appreciation potential, this property presents a compelling opportunity for developers, investors, and builders seeking a well-located site in a high demand market. ( confirm with city)
Location
State CA
County Santa Clara
Area Milpitas
Zoning CO
Exterior
Fence Fenced Front
Utilities Available Electricity - On Site, Gas - Available at Street, Public Utilities
Building
Lot Description Other
Sewer Sewer - Public
Water Public, Water Available at Street
Others
Tax ID 08801002
Horse Property No
Special Listing Condition Not Applicable
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John Faylor
Realtor Lic# 1065896