A commercial free-standing restaurant building near downtown San Jose and the new Google expansion development. Prime location within the Alum rock Urban Village at 1820 Alum rock Avenue, San Jose. Built in 1992, this is a great opportunity to acquire a newly remodeled commercial building 3,220 SF on a lot size of 17,922 SF. The site offers plenty of free-parking on a highly desirable pedestrian-friendly street with the high-traffic visibility of near King road and 101 Bayshore freeway. Current tenant is popular and well-rated sizzling beef steak restaurant with lease expiration year 2023 plus 5 year optional extension. Tenant's annual rent is $108,000 plus N.N.N with approximately 5% cap rate return. Good idea for development to build more stories high rise in downtown San Jose zoning development to convert to hotel, condominium, apartment . e.t.c .
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Listing Courtesy ofPHP Group, Inc