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. ( confirm with city)
Details
| MLS # | ML82053506 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 54 |
| Listing Provided By | Elite Realty Services | Hamid Abtahi |
Features
| Zoning | CO |
|---|---|
| Acreage | 0.73 |
Utilities
| Utilities | Electricity Available |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Clara |
| City | Milpitas |
| Zip Code | 95035 |
| Area | 699 Not Defined |
| Listing VS Median (in 95035) | |
Price: $1,528,000 low | high Med: $105,000 On site: 54 low | high Med: 85 | |
Market Activity 95035
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | Milpitas |
| Zip Code | 95035 |
| Area | 699 Not Defined |
| Listing VS Median (in 95035) | |
Price: $1,528,000 low | high Med: $105,000 On site: 54 low | high Med: 85 | |
 | $1,650,000346 Dempsey RoadMilpitas, CA 95035 |