CA > Milpitas
Milpitas, CA 95035,16 Corning AVE
Milpitas, CA 95035,16 Corning AVE
Milpitas, CA 95035,16 Corning AVE
Milpitas, CA 95035,16 Corning AVE
Milpitas, CA 95035,16 Corning AVE
Milpitas, CA 95035,16 Corning AVE
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Gatehouse Properties

Gatehouse Properties

+1(714) 743-9882
$ 3,995,000
Est. payment | /mo

0.68 Acres Lot

Save
$ 3,995,000
Est. payment | /mo
Save

0.68 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82003329

HOA Y/N No

Year Built 1978

Annual Tax Amount $49,938

Lot Size 0.680 Acres

Property Description

Exceptional Investment or Owner-User Opportunity in Milpitas! Rare chance to acquire a strategically located, income-producing office property in thriving Milpitas. Immediate value-add potential with 12 leases due for amendmentsconvert lease terms from Gross to NNN and adjust rents to market rates to unlock instant equity. Property Highlights: * 20,939 SF two-story office building on prominent corner lot * 32 suites occupied by a diverse tenant mix of professionals and small businesses * Gross Scheduled Income: $34,717/month ($416,606 annually) * Current occupancy: 89% * Ample on-site parking * Prime location near I-880, I-680, BART, VTA, and major retail centers including the Great Mall ** Value-Add Opportunities ** * Upgrade HVAC, electrical systems, and improve water efficiency to reduce operating costs * Implement green building features to attract eco-conscious tenants * Lease vacant spaces and reposition underperforming suites at market rates * Ideal for investors seeking asset appreciation or owner-users looking to secure premium office space in one of the Bay Areas fastest-growing business hubs.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning C2S

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Roof Type Flat,Other

Total Parking Spaces 50

Building

Water Public

Others

Tax ID 08313001

California Regional MLS (CRMLS)
Listed by Melinda Collins • NextHome Axis Realty
advisor-avatar

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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16 Corning AVE

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