390 Floyd St, San Jose, CA 95110

$11,980,000
List Price
$11,980,000
Price Change
▼ $500,000 1636780174
MLS#
ML81867044
Status
ACTIVE
Lot Size
18,851
Listing Area
Central San Jose

Property Description

390 Floyd St is a rare opportunity to acquire development land located in the prime desirable neighborhood of Tamien in San Jose, CA. This well-situated plot of land totaling 18,000 sqft has plans submitted to develop 135 units of affordable senior housing and is located in San Jose's General Plan Mixed Use Zoning District. By taking advantage of the Density Bonus Law, there is a high potential for cost concessions and fast track approvals by the city. The subject property is located across the street from Tamien Station which acts as one of San Joses most important intermodal passenger transportation services connecting tenants from the top of San Francisco Bay Area all the way to Gilroy. Access to Tamien Station allows for higher unit density with zero required parking for residential developments in the area. The subject property is also located one stop away from the huge 80-acre Downtown West project proposed by Google.

Additional Information

Acres
0.4328
Development Status
Other - Call Listing Agent
Fence
Chain Link
Lot Description
Grade - Level, Paved
Lot Size
18,851
Neighborhood
Central San Jose
Other Utilities
Public Utilities
Parcel Access
Accessible, City Street
Present Use
None
Sewer
Sewer - Public, Sewer Connected
Unincorporated Yn
Yes
Zoning
LI

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Adam S. Levin from Marcus & Millichap

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