Price Reduced Listing
$1,500,000
( )
 $8,052 est/mo Sourced by Back At You

7280 Marylinn Drive , Milpitas, CA 95035

Milpitas, CA 95035

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Description

Subject to city planner approval, the lot is good for 5-9 units but conservatively will likely be subdivided into 4-5 mixed-use units due to clearance limitations, with a frontage of 281.42 ft. Buildable area is one story (4435 SF per old building plan in 90'), now w building floor ratio almost 3x, subject to meeting all requirements for setbacks, parking, open space, and building codes. Current R3B zoning allows for a 3-story, 4+ units, with a maximum of 11,330 SF. Single-family homes have sold for $828/SF, and condos for $667-1,000/SF, with sellers leaving lots of profit on the table. The property offers a mixed-use opportunity for potential buyers, with the option to use the 1st floor as a versatile commercial space adaptable to various needs such as medical clinics, retail stores, showrooms, classrooms, restaurants, offices, OEMs/branches/sales offices. The 2nd and 3rd floors are for residential use, offering the potential to create either a large family home or another 3-4 separate condos, at the buyer's preference. The flexible layout of the building presents multiple opportunities, such as a Michelin Stars restaurant with the 1st and 2nd floors for the restaurant and kitchen, and the 3rd floor for the chef's residence, also with an herb or vegetable garden in one place.

Details

MLS#ML81925086
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site661
Listing Provided ByUniversal Network Group 510-371-8377 | Jennifer Li

Features

ZoningR3B
Acreage0.35

Market Activity 95035

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountySanta Clara
CityMilpitas
Zip Code95035
Area699 Not Defined
School DistrictOther
Listing VS Median (in 95035)
Price:
$1,500,000
low | high
Med:
$1,250,000
66.666666666667% of Average
On Site:
661
low | high
Med:
11.000000
100% of Average
Sourced by Back At You
Listing Updated: February 3, 2025 at 12:15:46 PM PST
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