Active
7280 Marylinn DR
MILPITAS CA, 95035
$1,680,000
Active
Commercial
Listed by Universal Network Group, Jennifer Li, Listing Contact: 5103758986
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.
ML81925086
MLSⓇ ID
April 18, 2023
Listed
January 4, 2025
Updated
Map
7280 Marylinn DR
MILPITAS CA, 95035
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.35 Acres
Lot Features
Level
School Information
School District
Milpitas Unified
Other Property Details
Area Name
Milpitas
Garage
No
View
No
County
Santa Clara
Pool
No
Zoning
R3B
Listing History
Date | Event | Price |
---|---|---|
9/6/2024 | Price change | $1,680,000 -11% |
7/1/2024 | Price change | $1,880,000 -14% |
4/30/2024 | Price change | $2,180,000 -13% |
12/20/2023 | Price change | $2,499,938 -11% |
Listed by Universal Network Group, Jennifer Li,
Listing Contact: 5103758986
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Data last updated 6:48 PM UTC, 1/4/2025