Subject to city planner approval, the lot is good for 5-9 units but conservatively will likely be subdivided into 4-5 mixed-use units due to clearance limitations, with a frontage of 281.42 ft. Buildable area is one story (4435 SF per old building plan in 90'), now w building floor ratio almost 3x, subject to meeting all requirements for setbacks, parking, open space, and building codes. Current R3B zoning allows for a 3-story, 4+ units, with a maximum of 11,330 SF. Single-family homes have sold for $828/SF, and condos for $667-1,000/SF, with sellers leaving lots of profit on the table. The property offers a mixed-use opportunity for potential buyers, with the option to use the 1st floor as a versatile commercial space adaptable to various needs such as medical clinics, retail stores, showrooms, classrooms, restaurants, offices, OEMs/branches/sales offices. The 2nd and 3rd floors are for residential use, offering the potential to create either a large family home or another 3-4 separate condos, at the buyer's preference. The flexible layout of the building presents multiple opportunities, such as a Michelin Stars restaurant with the 1st and 2nd floors for the restaurant and kitchen, and the 3rd floor for the chef's residence, also with an herb or vegetable garden in one place.
Lot/land
Price cut: $180K (2/3)
$1,500,000
7280 Marylinn Dr, Milpitas, CA 95035
--beds
--baths
0.35Acres
Residential Development Land,
Built in ----
0.35 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 717 days
- on Zillow |
- 250 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: February 14, 2025 at 08:17pm
Listed by:
Jennifer Li 01714039 510-375-8986,
Universal Network Group
Source: MLSListings Inc,MLS#: ML81927870

Travel times
Facts & features
Property
Features
- Fencing: None
Lot
- Size: 0.35 Acres
- Features: Level
Details
- Additional structures: None
- Parcel number: 02207007R
- Zoning: R3B MIXED USE
- Special conditions: Standard
Utilities & green energy
- Gas: AvailableNotOnSite
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public
Community & HOA
Location
- Region: Milpitas
Financial & listing details
- Tax assessed value: $316,536
- Annual tax amount: $3,893
- Date on market: 5/11/2023
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
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