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Listed by Christina Khosrowabadi • Christie's International Real Estate Sereno, DRE#01820250
$1,599,000
Est. payment /mo
0.73 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82039657
Lot Size 0.734 Acres
Property Sub-Type Residential Development Land
Property Description
Rare development opportunity in the heart of Silicon Valley. This strategically located parcel in Milpitas is zoned NCMU-3 (Neighborhood Commercial Mixed-Use), offering exceptional flexibility for a variety of potential uses (buyer to verify with the City of Milpitas). Possible development options include residential projects such as townhomes, condominiums, apartments, or multi-family housing, as well as commercial retail, office, or mixed-use configurations with ground-floor commercial and residential units above. Ideally situated near major transportation corridors including I-880, I-680, and Highway 237, and with convenient access to BART and VTA transit, the property benefits from strong regional connectivity. The surrounding area is supported by a robust local economy, proximity to major Silicon Valley employers, and continued growth and investment. With strong housing demand and long-term appreciation potential, this property presents a compelling opportunity for developers, investors, and builders seeking a well-located site in a high demand market.
Location
State CA
County Santa Clara
Area Milpitas
Zoning CO
Exterior
Fence Chain Link
Utilities Available Electricity - Available at Street
Present Use Vacant
Building
Lot Description None
Sewer Sewer Available
Water Water Available at Street
Others
Tax ID 088-01-002
Horse Property No
Special Listing Condition Not Applicable
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