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.
Listing courtesy of Adam S. Levin from Marcus & Millichap
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