7280 Marylinn DR, Milpitas, CA 95035 – ML81927870 - Matt Cossell

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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

$1,680,000

Est. payment - /mo

0.35 Acres Lot

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UPDATED:

11/13/2024 09:43 AM

Key Details

Property Type Vacant Land

Sub Type Residential Development Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81927870

Lot Size 0.347 Acres

Property Description

Possible subdivided into 4-5 lots R1(frontage 281.42 ft long), buildable area one story (4435SF per old building plan in 1990) now building floor ratio almost X 3 n subject to meet all requirements for setbacks, parking, open space, building codes; current R3B zoning could build a 3-story, 4+ units(1x 4-plex or 2x2-plex), maximum of 11,330SF. SFH sold $800/sf, condos SOLD $667/SF, Sellers left lots of profit on the table. The property offers a mixed-use opportunity for potential buyers, with the option to use 1st Fl. as a versatile commercial space that can be adapted to various needs such as medical clinics, retail stores, showrooms, classrooms, restaurants, offices, OEMs/branches/sales offices. The 2nd n 3rd Floor are for residential use, offering the potential to create either a large family home or another 3 separate condos, at the buyer's preference. The flexible layout of the building presents multiple opportunities, such as Michelin Stars Restaurant, 1st and 2nd floor for restaurant and kitchen, 3rd floor for chef's residence, also with an herb or vegetable garden in one place. Subject to city design review.

Location

State CA

County Santa Clara

Area Milpitas

Zoning R3B MIXED USE

Exterior

Fence None

Utilities Available Available - Not On Site

Present Use Zone Change Possible,None

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public

Others

Tax ID 022-07-007R

Horse Property No

Special Listing Condition Not Applicable

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Listed by Jennifer Li • Universal Network Group

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971