About 1793 Lafayette St
4 minutes from Santa Clara University - 1793 Lafayette St offers a rare opportunity for an Owner/User to utilize the space and convert the 22,551 SqFt building into residential or build brand new: Townhomes, Multifamily, Co-Living, or Live/Work. Recently zoned Medium-Density Residential, the 29,185 SqFt lot allows for 24 units + 8-9 potential ADUs. With the average rent in Santa Clara at $3,062, once converted into multifamily, the property can be expected to gross nearly $1.2M in rents per year. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.
Features of 1793 Lafayette St
| MLS® # | ML81995434 |
|---|---|
| Price | $5,600,000 |
| Acres | 0.67 |
| Type | Residential Lots and Land |
| Sub-Type | Residential Development Land |
| Status | Contingent |
Community Information
| Address | 1793 Lafayette St |
|---|---|
| Area | Santa Clara |
| City | SANTA CLARA |
| County | Santa Clara |
| State | CA |
| Zip Code | 95050 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Regular |
|---|
Additional Information
| Zoning | Medium Density Residential |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Stephen Thaddeus Wawryk |
|---|---|
| Office | KW Bay Area Estates |
| Contact Info | 415-347-1658 |