Homes for sale - 16 Corning AVE, Milpitas, CA 95035

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Melinda Collins • NextHome Axis Realty

$3,995,000

Est. payment - /mo

20,939 SqFt

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Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 20,939 sqft

Price per Sqft $190

MLS Listing ID ML82003329

Originating Board MLSListings, Inc.

Year Built 1978

Lot Size 0.680 Acres

Property Sub-Type Commercial Property

Property Description

Exceptional Investment or Owner-User Opportunity in Milpitas! Rare chance to acquire a strategically located, income-producing office property in thriving Milpitas. Immediate value-add potential with 12 leases due for amendmentsconvert lease terms from Gross to NNN and adjust rents to market rates to unlock instant equity. Property Highlights: * 20,939 SF two-story office building on prominent corner lot * 32 suites occupied by a diverse tenant mix of professionals and small businesses * Gross Scheduled Income: $34,717/month ($416,606 annually) * Current occupancy: 89% * Ample on-site parking * Prime location near I-880, I-680, BART, VTA, and major retail centers including the Great Mall ** Value-Add Opportunities ** * Upgrade HVAC, electrical systems, and improve water efficiency to reduce operating costs * Implement green building features to attract eco-conscious tenants * Lease vacant spaces and reposition underperforming suites at market rates * Ideal for investors seeking asset appreciation or owner-users looking to secure premium office space in one of the Bay Areas fastest-growing business hubs.

Location

State CA

County Santa Clara

Area Milpitas

Zoning C2S

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Parking Features Common Parking Area

Garage Spaces 50.0

Utilities Available Public Utilities

Roof Type Flat / Low Pitch,Other

Building

Foundation Reinforced Concrete

Sewer Sewer - Public

Water Public

Others

Tax ID 083-13-001

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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16 Corning AVE Milpitas, CA 95035

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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