$2,975,000
2470 S Winchester Boulevard
Campbell, CA 95008
1980
Year Built
Santa Clara
County
CommercialSale
Property Type
About this home
2470 S. Winchester is an approx. 0.62-acre site currently improved w/a multi-tenant office building. The site has the potential to be redeveloped at a density of 100 dwelling units per acre due to its proximity to the VTA light rail. The property is located less than 1/4 mile from a VTA light rail stop making it eligible for redevelopment under Senate Bill 79. The property is designated as a Tier 2 site and can be developed with a mixed-use project up to 65 feet in height; it must have a minimum 3.0 residential floor area ratio. Currently, the building is 100% leased to 5-tenants. All of the tenants have leases or options that expire within the next 5-years. This provides an incredible opportunity to acquire a cash flowing asset below land value while pursuing development approvals. The City has identified the property as a Housing Opportunity Site in its Housing Element update in 2023. This makes redevelopment of the site important to the city being able to meet their housing production requirements. This site is less than 1/4 mile from the Winchester Station on the VTA Green Line. It is 1/2 mile from the interchange of Highway-17 & San Tomas Expressway. The property is a short commute to major employers in central San Jose, as well as Los Gatos, Santa Clara & Cupertino.
Property Details
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Mortgage Estimate
$15,834/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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