CA > Milpitas
Milpitas, CA 95035,7280 Marylinn DR
Milpitas, CA 95035,7280 Marylinn DR
Milpitas, CA 95035,7280 Marylinn DR
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
$1,680,000
Est. payment /mo
0.35 Acres Lot
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UPDATED:

01/04/2025 05:15 PM

Key Details

Property Type Vacant Land, Commercial

Sub Type Other Commercial Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81925086

Lot Size 0.347 Acres

Property 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.

Location

State CA

County Santa Clara

Area Milpitas

Zoning R3B

Exterior

Fence None

Utilities Available Electricity - Available at Street, Gas - Available at Street, Gas - LESS than 500 feet away

Building

Lot Description Grade - Level

Sewer Other

Water None

Others

Tax ID 022-07-007

Horse Property No

Special Listing Condition Not Applicable

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Listed by Jennifer Li • Universal Network Group

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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