CA > Milpitas
Milpitas, CA 95035,7280 Marylinn DR
Milpitas, CA 95035,7280 Marylinn DR
Milpitas, CA 95035,7280 Marylinn DR
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Listed by Jennifer Li • Universal Network Group
$1,500,000
Est. payment /mo
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0.35 Acres Lot
Active

7280 Marylinn DR Milpitas, CA 95035

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The Ruiz Group Real Estate

The Ruiz Group Real Estate

+1(831) 877-2057

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Key Details

Property Type Vacant Land, Commercial

Sub Type Other Commercial Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82005680

Lot Size 0.347 Acres

Property Sub-Type Other Commercial Land

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, perfect for a foreign hightech supply chain office, 1st floor as office/showrooms and 2nd & 3rd floor residential condos.

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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