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Millman Team Real Estate

$1,528,000
0.73 Acre Lot

375 Dempsey, Milpitas, California 95035

  • Commercial Sale Property Type
Property 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)

Basic Details
Commercial Sale
For Sale
ML82053506
$1,528,000
0.73 Acre
Active
Features
: Electricity Available
$0
Address Map
CA
Santa Clara
Milpitas
95035
DEMPSEY
375
W122° 6' 54''
N37° 25' 44.5''
699 - Not Defined
CO
Neighborhood
Other
Additional Information
$0
$0
$0
$0
$0
: Commercial, Multi-Family
2026-07-13
: Public
Broker/Agent Information
Elite Realty Services
Hamid Abtahi
Listing Information
ML5075482
ML36447
Active
2026-07-21T00:38:49Z
CRMLS
2026-07-08T05:57:12Z
Agent info
Ray Millman
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