481 S Bascom AVE, San Jose, CA 95128
- $2,800,000
Listed by Mark Foxx, 831-234-7001 from Terra Resources
(If provided) CoList: from
Sold listing courtesy of Darius Mcclelland from NTERO
- Sold Price
- $2,800,000
- List Price
- $2,995,000
- Closing Date
- Jul 08, 2025
- MLS#
- ML82007652
- Status
- SOLD
- Lot Size
- 31,620
- Listing Area
- Central San Jose
Property Description
Central San Jose 0.725 acre property on S Bascom Ave between 280 and Stevens Creek Blvd. Outstanding property for redevelopment with medical offices, affordable housing, mixed use commercial or land banking investment for the future! The property is just East of Highway 17/880 and North of 280; Santana Row is across 880 to the West & Santa Clara Valley Medical Center is just across 280 to the South. Downtown San Jose is 10 minutes to the Northeast. Average daily traffic counts exceed 25,000. Three adjacent parcels with 280 LF frontage on S Bascom & 108 LF frontage on Scott St. The APN's are 277-04-060, 061 & 062. County Zoning is CG (General Commercial). This County pocket of land will likely be annexed by the City of San Jose as part of redevelopment. Property within City of San Jose West San Carlos Urban Village Pan area within the Bascom Commercial Character area. This will then result in all re-development permitting being handled by the City of San Jose. Existing tenants in place to maintain income. Seller financing may be possible. Property has been in the same family for ~ 50 years. Sellers may choose to 1031 exchange into another property. All offers will be reviewed and carefully considered. Tremendous upside potential!
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Additional Information
- Acres
- 0.73
- Days On Market
- Unknown
- Development Status
- Improvements Completed
- Fence
- None
- Lot Description
- Grade - Level
- Lot Size
- 31,620
- Neighborhood
- Central San Jose
- Other Utilities
- Electricity - On Site, Gas - On Site
- Parcel Access
- City Street
- Present Use
- Retail
- Sewer
- Sewer Connected
- Zoning
- CG
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