Shopping Strip

Meridian Ave Strip Center

1588 Meridian Ave, San Jose, CA 95125

Listing Price: Request For Offer

Gross SF
8,138
Rentable SF
8,138
Lot Size
0.42 acres
Year Built
1951

Investment Overview

Marcus & Millichap is pleased to announce this exciting opportunity to purchase a fully occupied center located at 1582-1596 Meridian Avenue in San Jose. 1582 Meridian Avenue is being offered with the adjacent single-family home positioned directly to the East. The homes address is 1591 Hamilton Avenue. The commercial parcel (APN# 429-47-017) consists of 18,480 sq. ft. on the corner of Meridian and Hamilton Ave. The residential parcel (APN# 429-47-016) consists of 8,990 sq. ft. with a single family home (twobedroom|one-bath) of approximately 735 sq. ft. on it. Together the commercial and residential buildings total 8,873 sq. ft. The property has ample parking with 11 spaces in the front and 20 parking spaces in the rear. The retail portion includes seven commercial tenants with a strong historic occupancy rate. All tenants are currently paying below market rents allowing a new owner plenty of rental upside into the future.

Investment Highlights

  • Grocery (Safeway) and drug (Walgreens & Rite Aid) anchored intersection
  • Adjacent to Walgreens and Shell Station
  • Phenomenal Corner location
  • High daily vehicle counts

Exclusively Listed By

Shopping Strip

Meridian Ave Strip Center

Listing Price: Request For Offer

Gross SF
8,138
Rentable SF
8,138
Lot Size
0.42 acres
Year Built
1951

Investment Highlights

  • Grocery (Safeway) and drug (Walgreens & Rite Aid) anchored intersection
  • Adjacent to Walgreens and Shell Station
  • Phenomenal Corner location
  • High daily vehicle counts

Investment Overview

Marcus & Millichap is pleased to announce this exciting opportunity to purchase a fully occupied center located at 1582-1596 Meridian Avenue in San Jose. 1582 Meridian Avenue is being offered with the adjacent single-family home positioned directly to the East. The homes address is 1591 Hamilton Avenue. The commercial parcel (APN# 429-47-017) consists of 18,480 sq. ft. on the corner of Meridian and Hamilton Ave. The residential parcel (APN# 429-47-016) consists of 8,990 sq. ft. with a single family home (twobedroom|one-bath) of approximately 735 sq. ft. on it. Together the commercial and residential buildings total 8,873 sq. ft. The property has ample parking with 11 spaces in the front and 20 parking spaces in the rear. The retail portion includes seven commercial tenants with a strong historic occupancy rate. All tenants are currently paying below market rents allowing a new owner plenty of rental upside into the future.

Exclusively Listed By

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