Description
Located at a prime location of Silicon Valley, less than 2 miles away from Apple's headquarter. This offering is absolutely a rare and unique opportunity to place capital in one of the highest sought-after locations in the United States! The project proposes the development of a 4-story Hampton by Hilton hotel with 89 guest rooms and one level of underground parking. The project is fully entitled by the city. The site is now been in readiness for the new construction. Interested parties may also seek the opportunities for retail, mixed-use, or multi-family development but entitlement needs to be verified through the City of San Jose. - Seller has paid over $2M for design and drawings, demolition and clearance etc. - Project is currently at the final stage of Building Permit issuance - Site has been demolished. Clearance certificates have been obtained from all government authorities. - Franchise Agreement with Hilton has been signed and fees have been paid - Top-ranked school district, Lynbrook High School
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0.61ACRES
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01/2 BATHS
School Ratings & Info
Description
Located at a prime location of Silicon Valley, less than 2 miles away from Apple's headquarter. This offering is absolutely a rare and unique opportunity to place capital in one of the highest sought-after locations in the United States! The project proposes the development of a 4-story Hampton by Hilton hotel with 89 guest rooms and one level of underground parking. The project is fully entitled by the city. The site is now been in readiness for the new construction. Interested parties may also seek the opportunities for retail, mixed-use, or multi-family development but entitlement needs to be verified through the City of San Jose. - Seller has paid over $2M for design and drawings, demolition and clearance etc. - Project is currently at the final stage of Building Permit issuance - Site has been demolished. Clearance certificates have been obtained from all government authorities. - Franchise Agreement with Hilton has been signed and fees have been paid - Top-ranked school district, Lynbrook High School
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Listing provided courtesy of Jerry Kwok of Pacific Realty Investment Group: 408-507-3291.