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

 

 

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