Bought with Jeff Wyatt • Wyatt & Associates
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Key Details
Sold Price $4,000,000
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 4,274 sqft
Price per Sqft $935
MLS Listing ID ML81929831
Sold Date 01/12/24
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1966
Lot Size 0.465 Acres
Property Description
Unique 19th Century Victorian styled commercial building-Neales Hollow was originally built in 1966. Approximately 7,553sf well known identity, access & exclusive parking. Commercial property consists of 12 commercial units on 20,125sf lot Creekside setting. Located in Saratoga at Gateway to the Village of Saratoga & within a few minutes walk to Village. Saratoga is a prestigious residential community with small-town feel & well known for its excellent schools, fine dining, unique shops & distinctive cultural institutions & home to many Silicon Valley Executives, average household income of $224,179. The traffic counts are approximately 15,000 per day. There is super upside potential in rents. This property has been in the family for many years. There have been very few sales for commercial buildings in Saratoga for years. Proposed City of Saratoga Zoning change to 30 - 40 units per acre (high density). This property offers Super development potential - not many projects like this around!
Location
State CA
County Santa Clara
Interior
Heating Natural Gas
Fireplace No
Building
Water Public
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