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N 1st Street

San Jose, CA 95112

$600,000 $2,529/Mo

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Overview

6,873.77

Sqft(Lot)

Description

Rare buildable lot, 50 ft by 137.5 ft for 6,875 SF with the corners marked during a 2023 survey. Flexible development opportunity currently zoned R-1-8 (1 to 2 units) with a current favorable City of San Jose Preliminary Review to change zoning to either Mixed Use Neighborhood (1 to 8 units) or Urban Residential (4 to 14 units). 562 North 1st Street is located at the Japantown/Ayer light rail station, Rankin Ave. Easy access to both 87 & 880. According to the 1900 Census 562 N 1st Street had a single-family home. Likely built in 1898 and destroyed in 1906 and never rebuilt. The previous APN was the northern portion of 249-43-047. The current APN 249-43-090 was issued 9/7/2023 and includes Parcel #2 (8 feet wide) and Parcel #3 (42 feet wide) for a combined frontage of 50 feet. Both Parcels are included in this listing. There is a 10-foot sewer easement across the front of the lot for the southern 32 feet of the combined lot. The Queen Anne SFR at 560 N 1st Street is very close to the shared property line. Please do not disturb the occupants at 560.

Property Details

Property Type : Land

Price : $600,000

AD Id : 55070869

MLS Id : 224012852

Lot Size : 6,873.77 Sqft(Lot)

County : Santa Clara

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Valley Oak Terrace, San Jose, CA, 95112	$1,290,000	--	--	1,904	2,700.72 Sqft(Lot)
Valley Oak Terrace, San Jose, CA, 95112	$1,250,000	--	--	1,904	2,700.72 Sqft(Lot)
470 E Saint James Street, San Jose, CA, 95112	$700,000	--	--	--	4,095 Sqft(Lot)