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Shopping Strip

676 W Dana St

676 W Dana St, Mountain View, CA 94041

Listing Price: $6,200,000

Cap Rate
2.83%
Gross SF
5,733
Rentable SF
5,733
Price/Gross SF
$1,081.46
Lot Size
0.25 acres
Year Built
1952

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire this .25 Acre site located in in Downtown Mountain View, CA. Presently the site is improved with a retail/office building measuring approximately 5,733 square feet demised into 8 suites. The location is one block from Castro Street, the main retail corridor in Mountain View and within walking distance of the Transit Center which provides access to Caltrain, VTA light rail and public bus/private shuttle service. The property is zoned P(19) – Downtown Precise Plan, Area G -Transit Center. The focus of this area will be on ground-floor retail stores and restaurants that extend Castro Street storefront activity to the Transit Center with residential uses primarily located on upper floors and budlings of at least two stories which will create a substantial entrance to the downtown district. The property has been entitled for a 4-story, 20,107 square foot project with 7 residential units, a 2,348 sf retail unit and a 2,192 sf office unit. There are numerous developments underway in the area including a 179-room hotel and 49,000 square foot office building on the city owned Hope Street Lots near the Transit Center which will also be undergoing a grade separation and access project. Additionally, there is a 9-unit project one parcel away which has been approved and a fully remodeled office building next door. Downtown Mountain View is home to many small to mid-size technology companies in addition to the shopping and dining amenities located within walking distance of the property. Its proximity to the Transit Center appeals to both retailers and office tenants as well as residents who wish to be part of this vibrant and transforming area. Proceed with development and/or to add value to the existing property with an eye toward development in the future. Ideal for a Developer, Investor, or owner/user.

Investment Highlights

  • .25 Acre site with entitlements in place for a mixed-use development
  • 20,107 SF, 4 Story building with 7 residential units, 2,348 SF retail, 2,192 SF office
  • Walking distance to Castro Street, and Mountain View Transit Center
  • Currently improved with a 5,733 SF retail/office building with 8 suites
  • Proceed with development or add value to the existing property
  • Ideal for Developer, Investor, or owner/user

Exclusively Listed By

Listing Price: $6,200,000

Cap Rate
2.83%
Gross SF
5,733
Rentable SF
5,733
Price/Gross SF
$1,081.46
Lot Size
0.25 acres
Year Built
1952

Investment Highlights

  • .25 Acre site with entitlements in place for a mixed-use development
  • 20,107 SF, 4 Story building with 7 residential units, 2,348 SF retail, 2,192 SF office
  • Walking distance to Castro Street, and Mountain View Transit Center
  • Currently improved with a 5,733 SF retail/office building with 8 suites
  • Proceed with development or add value to the existing property
  • Ideal for Developer, Investor, or owner/user

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire this .25 Acre site located in in Downtown Mountain View, CA. Presently the site is improved with a retail/office building measuring approximately 5,733 square feet demised into 8 suites. The location is one block from Castro Street, the main retail corridor in Mountain View and within walking distance of the Transit Center which provides access to Caltrain, VTA light rail and public bus/private shuttle service. The property is zoned P(19) – Downtown Precise Plan, Area G -Transit Center. The focus of this area will be on ground-floor retail stores and restaurants that extend Castro Street storefront activity to the Transit Center with residential uses primarily located on upper floors and budlings of at least two stories which will create a substantial entrance to the downtown district. The property has been entitled for a 4-story, 20,107 square foot project with 7 residential units, a 2,348 sf retail unit and a 2,192 sf office unit. There are numerous developments underway in the area including a 179-room hotel and 49,000 square foot office building on the city owned Hope Street Lots near the Transit Center which will also be undergoing a grade separation and access project. Additionally, there is a 9-unit project one parcel away which has been approved and a fully remodeled office building next door. Downtown Mountain View is home to many small to mid-size technology companies in addition to the shopping and dining amenities located within walking distance of the property. Its proximity to the Transit Center appeals to both retailers and office tenants as well as residents who wish to be part of this vibrant and transforming area. Proceed with development and/or to add value to the existing property with an eye toward development in the future. Ideal for a Developer, Investor, or owner/user.

Exclusively Listed By

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