34
$1,500,000
0.35 Acre Lot

7280 Marylinn Drive, Milpitas, California 95035

map-entry
  • Land Property Type
Property Description

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.

Basic Details
Land
For Sale
ML81927870
$1,500,000
0.35 Acre
Active
Features
: None
: Public Sewer
$0
Address Map
CA
Santa Clara
Milpitas
95035
Marylinn
7280
Drive
Cross Street: Abel
699 - Not Defined
R3B MIXED USE
Neighborhood
Other
Milpitas
Other
Other
Additional Information
$0
$0
$0
$0
$0
: Level
2023-05-11
1680000
: Public
Broker/Agent Information
Universal Network Group
Jennifer Li
Listing Information
ML5065490
ML41473
Active
2025-05-21T02:02:54Z
CRMLS
: Standard
2023-05-11T03:02:30Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069