1793 Lafayette Street Active Save Request In-Person Tour Request Virtual Tour
Santa Clara,CA 95050
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81995434
HOA Y/N No
Lot Size 0.670 Acres
Acres 0.67
Property Sub-Type Unimproved Land
Property Description
4 minutes from Santa Clara University - 1793 Lafayette St offers a rare opportunity for an Owner/User to utilize the space and convert the 22,551 SqFt building into residential or build brand new: Townhomes, Multifamily, Co-Living, or Live/Work. Recently zoned Medium-Density Residential, the 29,185 SqFt lot allows for 24 units + 8-9 potential ADUs. With the average rent in Santa Clara at $3,062, once converted into multifamily, the property can be expected to gross nearly $1.2M in rents per year. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.
Location
State CA
County Santa Clara
Zoning Medi
Interior
Fireplace No
Building
Lot Description Rectangular Lot
New Construction No
Schools
School District Santa Clara Unified
Others
Tax ID 22429021