REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,500,000
Est. payment | /mo
0.35 Acres Lot
$ 1,500,000
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81927870
Originating Board MLSListings, Inc.
Lot Size 0.347 Acres
Property Sub-Type Residential Development Land
Property Description
Subject to city planner approval, the lot is good for 5-9 units but conservatively will likely be subdivided into 4-5 mixed-use units due to clearance limitations, with a frontage of 281.42 ft. Buildable area is one story (4435 SF per old building plan in 90'), now w building floor ratio almost 3x, subject to meeting all requirements for setbacks, parking, open space, and building codes. Current R3B zoning allows for a 3-story, 4+ units, with a maximum of 11,330 SF. Single-family homes have sold for $828/SF, and condos for $667-1,000/SF, with sellers leaving lots of profit on the table. The property offers a mixed-use opportunity for potential buyers, with the option to use the 1st floor as a versatile commercial space adaptable to various needs such as medical clinics, retail stores, showrooms, classrooms, restaurants, offices, OEMs/branches/sales offices. The 2nd and 3rd floors are for residential use, offering the potential to create either a large family home or another 3-4 separate condos, at the buyer's preference. The flexible layout of the building presents multiple opportunities, such as a Michelin Stars restaurant with the 1st and 2nd floors for the restaurant and kitchen, and the 3rd floor for the chef's residence, also with an herb or vegetable garden in one place.
Location
State CA
County Santa Clara
Area Milpitas
Zoning R3B MIXED USE
Exterior
Fence None
Utilities Available Available - Not On Site
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 022-07-007R
Special Listing Condition Not Applicable

© 2025 MLSListings Inc. All rights reserved.
Listed by Jennifer Li • Universal Network Group
GET MORE INFORMATION
Property Nerd Quick Search
- Homes for Sale in Sunnyvale HOT
- Homes for Sale in Palo Alto
- Homes for Sale in Los Altos HOT
- Homes for Sale in Los Altos Hills HOT
- Homes for Sale in Cupertino
- Homes for Sale in Santa Clara
- Homes for Sale in San Jose
- Homes for Sale in Mountain View HOT
- Homes for Sale in Saratoga
- Homes for Sale in Los Gatos
- Homes for Sale in Campbell
- Homes for Sale in Menlo Park
- Homes for Sale in Portola Valley
- Homes for Sale in Redwood City
- Homes for Sale in San Mateo
- Homes for Sale in Burlingame
- Homes for Sale in Atherton
- Homes for Sale in Castro Valley
- Homes for Sale in Walnut Creek
- Homes for Sale in Oakland
- Homes for Sale in Concord