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Listed by Christina Khosrowabadi • Christie's International Real Estate Sereno
$ 1,599,000
Est. payment | /mo
31,957 SqFt
$ 1,599,000
Est. payment | /mo
31,957 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 31,957 sqft
Price per Sqft $50
MLS Listing ID ML82039657
HOA Y/N No
Lot Size 0.734 Acres
Property Sub-Type Unimproved Land
Source Datashare MLSListings
Property Description
Rare development opportunity in the heart of Silicon Valley. This strategically located parcel in Milpitas is zoned NCMU-3 (Neighborhood Commercial Mixed-Use), offering exceptional flexibility for a variety of potential uses (buyer to verify with the City of Milpitas). Possible development options include residential projects such as townhomes, condominiums, apartments, or multi-family housing, as well as commercial retail, office, or mixed-use configurations with ground-floor commercial and residential units above. Ideally situated near major transportation corridors including I-880, I-680, and Highway 237, and with convenient access to BART and VTA transit, the property benefits from strong regional connectivity. The surrounding area is supported by a robust local economy, proximity to major Silicon Valley employers, and continued growth and investment. With strong housing demand and long-term appreciation potential, this property presents a compelling opportunity for developers, investors, and builders seeking a well-located site in a high demand market.
Location
State CA
County Santa Clara
Interior
Fireplace No
Schools
School District Milpitas, Milpitas
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Glen Riggs
REALTOR® | Lic# CA DRE 02161397