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Property Detail

1706 Monterey Rd, San Jose, CA 95112, USA
located on Monterey Hwy just outside of Downtown San Jose.
$6,700,000

Description

INVESTMENT HIGHLIGHTS

  • New Price - Rare 28 Unit Motel on a 1.84 AC Parcel | Small Freestanding Individual Units with Parking
  •  
  • Development Opportunity - Combined Industrial/Commercial General Land Use Designation
  • Approx. 15,000 SF of Unutilized Land Behind Motel | Potential to Add Additional Units
  •  
  • Strong Demographics with Household Incomes in Excess of $109,380 in a 1-Mile Radius

EXECUTIVE SUMMARY

1706 Monterey Hwy, San Jose is an existing 28-unit motel on 1.84 Acres. The tenant is currently on a month-to-month lease and the entire 1.84 AC site can be made available within 90 days. This Property presents a unique opportunity to purchase or lease a 28-unit motel on 1.84 AC site located on Monterey Hwy just outside of Downtown San Jose. There is approximately 15,000 SF of unutilized land in the back of the motel which allows an investor to potentially add additional units to the existing 28-unit motel. The property is in the Combined Industrial/Commercial General Plan Designation which is intended for commercial or industrial uses, or a compatible mixture of these uses, that support the goals of the combined industrial/commercial general plan designation. The district allows for a broad range of commercial uses with a local or regional market, including big box retail, and a narrower range of industrial uses, primarily industrial park in nature, but including some low-intensity light industrial uses.
*USE LINKS BELOW TO VIEW ALL LISTINGS*
DAVIDTAXIN.COM
https://davidtaxin.com/
DAVID TAXIN – LOOPNET ACCOUNT
https://www.loopnet.com/commercial-real-estate-brokers/profile/david-taxin/pwsjnztb?gclid=Cj0KCQjwgLOiBhC7ARIsAIeetVAqYE7EGdqLvblxv5Z4_VUL8KoM9jsXlcoVb2Nubalp8eZ8Zlx3dBoaAsBPEALw_wcB
 

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Guest Room28$52.00

 

PROPERTY TAXES

 

David Taxin

Phone +1 408-477-2508

Mobile +1 408-966-5919

Jeremy Awdisho

Phone +1 408-378-5900 x519

Mobile +1 650-814-4510

 

Specification

General

  • 19865
  • 1.8400
  • Investment
  • MH
  • 1929
  • 28

Hospitality

NEW PRICE - 28 UNIT MOTEL

# 95

SKU: 95

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