Retail Space - For Sale
885 South 1st Street San Jose, CA 95110
Details & Description
Price: $3,050,000
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.230
  • Building Sq Ft 7,100
  • Building Price per Sq Ft $429.58
  • Land Sq Ft 10,018
  • Land Price per Sq Ft $304.45
The two separately parceled assets are comprised as follows: 889-899 South 1st consists of one 5 unit residential complex with ground floor retail, currently leased to a fitness tenant, and a standalone office/retail building which is currently vacant. Together the total square footage is approximately 5,100 SF. The standalone office/retail building (located along Oak Street), per its Commercial Pedestrian zoning, may be eligible for conversion into a residential unit. 885 South 1st Street is a single-story retail store front building consisting of approximately 2,000 SF, and is currently vacant. 885 South 1st has a large open yard behind the building which may have the potential to be converted to parking by creating access from the adjacent parcel (889-899 South 1st). The combined lot square footage for both parcels is approximately 10,018 SF. The combination of two adjoining lots with three separate buildings makes this a rare and fungible investment opportunity, with upside potential.The subject property benefits from an array of commuter-friendly transportation options, as well as an influx of nearby commercial/residential developments (Google’s Downtown West project, Adobe and Apple) which have been attracting businesses and residents to the area. The adjacent Oak St & South 1st St bus stop serves the entire San Jose Metro, which connects commuters to the VTA Light Rail System. Additionally, drivers have ease of access to U.S. Highway 101, 87, 280 and 880.
Listing Agents
Bryan Webb
Capital Pacific
O: 415-274-2717
bwebb@capitalpacific.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

885 South 1st Street

San Jose, CA 95110

Listing ID: 259221
$3,050,000
For Sale
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.230
  • Building Sq Ft 7,100
  • Building Price per Sq Ft $429.58
  • Land Sq Ft 10,018
  • Land Price per Sq Ft $304.45
  • 885 South 1st Street San Jose, CA 95110 | for Sale | Photo 1
  • 885 South 1st Street San Jose, CA 95110 | for Sale | Photo 2
  • 885 South 1st Street San Jose, CA 95110 | for Sale | Photo 3
885 South 1st Street | for Sale | Thumbnail 1
885 South 1st Street | for Sale | Thumbnail 2
885 South 1st Street | for Sale | Thumbnail 3
Description

The two separately parceled assets are comprised as follows: 889-899 South 1st consists of one 5 unit residential complex with ground floor retail, currently leased to a fitness tenant, and a standalone office/retail building which is currently vacant. Together the total square footage is approximately 5,100 SF. The standalone office/retail building (located along Oak Street), per its Commercial Pedestrian zoning, may be eligible for conversion into a residential unit. 885 South 1st Street is a single-story retail store front building consisting of approximately 2,000 SF, and is currently vacant. 885 South 1st has a large open yard behind the building which may have the potential to be converted to parking by creating access from the adjacent parcel (889-899 South 1st). The combined lot square footage for both parcels is approximately 10,018 SF. The combination of two adjoining lots with three separate buildings makes this a rare and fungible investment opportunity, with upside potential.

The subject property benefits from an array of commuter-friendly transportation options, as well as an influx of nearby commercial/residential developments (Google’s Downtown West project, Adobe and Apple) which have been attracting businesses and residents to the area. The adjacent Oak St & South 1st St bus stop serves the entire San Jose Metro, which connects commuters to the VTA Light Rail System. Additionally, drivers have ease of access to U.S. Highway 101, 87, 280 and 880.

Attachments & Files

Listing Demographics for 885 South 1st Street San Jose, CA 95110

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population39,770273,681707,974
Population Median Age323637
Population by Age0-9 Yrs4124 (10%)33094 (12%)85448 (12%)
10-19 Yrs6398 (16%)33901 (12%)86619 (12%)
20-29 Yrs11062 (27%)50824 (18%)116677 (16%)
30-39 Yrs5984 (15%)44053 (16%)112626 (15%)
40-49 Yrs4204 (10%)36486 (13%)95115 (13%)
50-59 Yrs3737 (9%)32195 (11%)87541 (12%)
60-69 Yrs2630 (6%)23379 (8%)66928 (9%)
70+ Yrs1631 (4%)19749 (7%)57019 (8%)
Median HH Income$68,606$84,124$95,971
Total Household Income< 24K2358 (18%)14053 (15%)28657 (12%)
25-49K2431 (19%)14378 (16%)31144 (13%)
50-74K1883 (15%)12518 (14%)30003 (13%)
75-99K1271 (10%)10005 (11%)26008 (11%)
100-199K2985 (23%)23610 (26%)66071 (29%)
200K+1600 (12%)14639 (16%)41363 (18%)
Highest Education LevelNo Diploma53214141690327
Diploma or GED43183353590417
Some College38323055383168
Assoc. Degree13491276835684
Bachelors Degree497739104112529
Higher Degree30072556669475
Total Housing Units13,46093,434233,113
--Owner-Occupied3,50637,145111,574
--Renter-Occupied9,02252,059111,672
Owner-Occupied Values< 100K9517933620
100-199K399972643
200-299K4911652488
300-399K18512883778
400-499K38926116793
500K+27492929192252
Total Working Age Population33,335221,204572,382
In Work Force22,684153,983393,646
Not In Work Force10,65267,221178,736
Workforce Employed21,091145,895373,953
Workforce Unemployed1,5908,01119,327
Civlian Workforce22,680153,905393,280
Military Workforce377366
Total Households12,52889,204223,247
Family Households6,55855,939154,260
Non-Family Households5,97033,26568,987
Married Couple4,19838,501110,876
Other Family2,36017,43843,384
Married w/Child1,73317,70849,571
Single Male w/Child4492,6795,827
Single Female w/Child6365,49012,478

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
California33,871,648+1037,253,956+940,467,295+843,631,295
Santa Clara County1,682,585+61,781,642+121,996,394+102,194,079
Santa Cruz County255,602+3262,382+6278,997+6296,728

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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1001-1111 El Camino Real, Redwood City, CA CALL 11520 6.05
629 Main Street, Pleasanton, CA $3,800,000 6000 -
Closest Commercial Airports
Airport Distance (mi)
Norman Y. Mineta San Jose International Airport (SJC) 4
Metropolitan Oakland International Airport (OAK) 33
San Francisco International Airport (SFO) 34
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