812 S 7th St, San Jose, CA 95112

$999,000
List Price
$999,000
Price Change
▼ $200,000 1557366765
Closing Date
Aug 28, 2019
MLS#
ML81735481
Status
CONTINGENT
Zoning
C1 / R2
Lot Size
16,248
Neighborhood
Central San Jose

Property Description

Split-zoned lot offers two contiguous parcels, multiple current use options, and possible future redevelopment opportunity! Immense lot with street access from both S 7th Street (front) and S 8th Street (rear). The parcel is currently split zoned according to City of San Jose Planning: CP (Commercial Pedestrian) on the front portion and R2 (Two-Family Residence) on the rear portion. The existing residence has a full basement and large detached garage. Both structures have previously been used as offices and the current configuration offers potential for both commercial and residential uses. The City has indicated that future development would require rezoning the property to R2 (Two Family Residence) or R1-8 (Single Family Residence). The site sits in a pro-growth area with large-scale redevelopment nearby and provides easy access to Downtown San Jose, commute routes, Diridon Station, and the possible future Google Village. A rare opportunity!

Additional Information

Acres
0.373
Development Status
No Site Approval
Fence
Fenced
Lot Description
Grade - Level, Potential Re-Zone
Lot Size
16,248
Neighborhood
Central San Jose
Other Utilities
Public Utilities
Parcel Access
City Street
Present Use
2nd Unit Possible, Commercial, Multi-Family, Office, Residential
Sewer
Sewer - Public, Sewer Connected
Zoning
C1 / R2

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Stefan Walker from KW Bay Area Estates Los Altos

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