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Listed by Frank Liu • Alliance Bay Realty, DRE#00991680
$ 3,000,000
Est. payment | /mo
0.34 Acres Lot
$ 3,000,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82022787
Lot Size 0.338 Acres
Property Sub-Type Residential Lot
Property Description
AS PER THE AI - 27 S MAIN STREET, MILPITAS 95035 - WITH THE ARRIVAL COURT / DROP-OFF ON S MAIN, RETAINING WALLS TERRACING THE PODIUM, POOL AND OUTDOOR LIVING DECKS IN THE CENTER, AND RETAIL AT THE STREET. HOW MANY UNITS CAN BE BUILT: LOT IS 14,720 SQ FT, 0.34 ACRES, ZONING: MXD - MIXED-USE / DOWNTOWN SPECIFIC PLAN, CURRENT ENTITLED CONCEPT ON FILE: 48 COMBINATION OF ONE, TWO AND THREE BEDROOM CONDO UNITS AND 1062 SQ FT COMMERCIAL + UNDERGROUND GARAGE. ALSO MARKETED AS PROPOSED CONSTRUCTION OF 7-STORY, 48 CONDO UNITS. IN MILPITAS METRO / GATEWAY-MAIN STREET SPECIFIC PLAN, THE CITY IS SUPPORTING HIGHER RESIDENTIAL DENSITIES AND BUILDING HEIGHTS NEAR TRANSIT, SO WITH DENSITY BONUS / AFFORDABLE OVERLAY, 48 UNITS IS THE BASE APPROVED CONCEPT, UP TO 50-60 UNITS POSSIBLE IF YOU MAX OUT STATE DENSITY BONUS ON THIS 0.34AC MXD SITE..
Location
State CA
County Santa Clara
Area Milpitas
Zoning MXD
Exterior
Fence Other
Utilities Available Public Utilities
Present Use Bare Land
Building
Lot Description Other
Sewer Sewer - Public
Water Public
Others
Tax ID 022-24-024 02
Horse Property No
Special Listing Condition Not Applicable
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Pete Ruiz
Team Lead | License ID: 01974535