Ideal Development Opportunity Willow Street South Almaden Avenue PROPERTY SUMMARY LOCATION: ASKING PRICE: $1,950,000 LAND SIZE: APN: GENERAL PLAN: 1016-1018 South Almaden Aveune San Jose, CA 95110 Approximately 11,318 sq. ft. (buyer to verify) 434-07-087 Zoning: CP (More Info link) 434-07-088 Zoning: R-M (More Info link) M.U.C - Mixed-use commercial (More Info link) FEATURES Signalized corner lot Less than 2 miles from: -Downtown San Jose -Diridon and Tamien Caltrain stations Close proximity to all major freeways Wide range of development uses Ideal residential or retail development opportunity CA License # 00914232 The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.
Vehicles Per Day Street Frontage 10,175 VPD 129 on 1016 S. Almaden 40 on 1018 S. Almaden Land Size 11,318 sq. ft. (0.26 acres) Zoning CP (APN: 434-07-087) R-M (APN:434-07-088) General Plan SJ 2040: Zoning M.U.C
FOR SALE Downtown San Jose Diridon Station S Almaden 10 Min. Drive Time 5 Min. Drive Time Tamien Station Demographics 2016 Estimated Population 2016 Census Population 2016 Estimated Households 2016 Census Households Median Household Income Per Capita Income Average Household Income 1-Mile 41,297 37,435 13,542 12,153 $50,233 $28,861 $82,986 3-Miles 272,942 249,209 90,565 82,513 $65,020 $33,671 $99,470 5-Miles 715,864 662,606 228,850 212,562 $75,256 $34,654 $107,191
# San Jose s Top Employers Employees San Jose Airport Santa Clara Station College Park Station 1 County of Santa Clara 17,476 2 Cisco Systems 15,470 3 ebay 6,130 4 City of San Jose 5,928 Diridon Station Downtown San Jose 5 San Jose State University 4,480 6 U.S. Postal Service 3,900 7 Western Digital 2,660 S Almaden Tamien Park Station 8 IBM 2,360 9 San Jose USD 2,320 10 Kaiser Permanente 2,290 Capitol Station 11 Good Samaritan Hospital 2,110 12 Adobe Systems, Inc. 2,010 CLOSE PROXIMITY TO: San Jose Airport Major Freeways Schools Public Transportaion Downtown San Jose
San Jose Market Overview San Jose is a global city, notable as a center of innovation, for its affluence and high cost of living. San Jose s location within the booming high tech industry, as a cultural, political, and economic center has earned the city the nickname Capital of Silicon Valley. San Jose is one of the wealthiest major cities in the United States and the world, and has the third highest GDP per capita in the world (after Zurich, Switzerland and Oslo, Norway), according to the Brookings Institution. With a median home price of $1,085,000, San Jose has the most expensive housing market in the country and the fifth most expensive housing market in the world, according to the 2017 Demographia International Housing Affordability Survey. Major global tech companies including Cisco Systems, ebay, Cadence Design Systems, Adobe Systems, PayPal, Brocade, Samsung, Acer, and Western Digital maintain their headquarters in San Jose, in the center of Silicon Valley. A large concentration of major employers, like Adobe, Morgan Stanley and Pricewaterhouse Cooper (PwC) are located in Downtown San Jose, which is less than 1 1/2 mile from the subject property in what is referred to, in combination with the Downtown area, Central San Jose. The Downtown boasts an impressive network of public transportation consisting of an abundance of bus stops, light rail stations and also Caltrain, where future residents of this site will be able to take advantage of convenient commutes throughout the immediate area and up the Peninsula to San Francisco. San Jose State University, located about 1 1/2 mile from the subject property, also a major employer and respected institution of higher learning in the region, and has become a destination for many local and international students looking to get an education in the technology capital of the world.