Office
Multi-Tenant Office with Redevelopment Potential
2470 S Winchester Blvd, Campbell, CA 95008
Listing Price: $2,975,000
Investment Overview
2470 S. Winchester Boulevard is an approximately 0.62-acre site currently improved with 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 Winchester Station.
The property is located less than one-quarter 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 with a density of 100 dwelling units per acre; it must have a minimum 3.0 residential floor area ratio.
The site is priced well below current entitled land values in the area (contact agent for details). Currently, the building is 100% leased to five tenants. All of the tenants have leases or options that expire within the next five years. This provides an incredible opportunity to acquire a cash flowing asset below land value while pursuing development approvals.
Multi-Tenant Office with Redevelopment Potential
Investment Highlights
- Site is less than one-quarter mile to a VTA light rail station and can be redeveloped with up to 100 units per acre under SB 79
- Incredible covered land investment opportunity priced well below entitled land cost
- Property has been identified by the city in their Housing Element as a Housing Opportunity Site
- Currently 100% leased to five tenants with most on short-term leases
- Located directly across from a grocery-anchored shopping center; less than one mile to restaurants and shops in Downtown Campbell
Exclusively Listed By
Listing Price: $2,975,000
Investment Highlights
- Site is less than one-quarter mile to a VTA light rail station and can be redeveloped with up to 100 units per acre under SB 79
- Incredible covered land investment opportunity priced well below entitled land cost
- Property has been identified by the city in their Housing Element as a Housing Opportunity Site
- Currently 100% leased to five tenants with most on short-term leases
- Located directly across from a grocery-anchored shopping center; less than one mile to restaurants and shops in Downtown Campbell
Investment Overview
2470 S. Winchester Boulevard is an approximately 0.62-acre site currently improved with 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 Winchester Station. The property is located less than one-quarter 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 with a density of 100 dwelling units per acre; it must have a minimum 3.0 residential floor area ratio. The site is priced well below current entitled land values in the area (contact agent for details). Currently, the building is 100% leased to five tenants. All of the tenants have leases or options that expire within the next five years. This provides an incredible opportunity to acquire a cash flowing asset below land value while pursuing development approvals.
Exclusively Listed By
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