702 Minnesota Avenue, San Jose, California 95125, San Jose, 95125 - 0 bed, 2 bath
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San Jose, California 95125
This Willow Glen Redevelopment Asset represents a Prime Investment Opportunity with a List Price of $1,595,000—positioned well below the $1,641,462 Fair Market Value by 2%. This valuation gap provides $46,462 in Instant Equity for buyers targeting land value. While the property holds a Condition Rating of 5 as a dated office, the CP Zoning allows for 40-foot building heights on a 7,275 Sqft Lot. Featuring parking for 10 cars near the Three Creeks Walking Trail, this is a high-conviction acquisition for Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Minnesota Avenue Subject | $1,595,000* List Price | 0 | 2 | 1,088 | $1,466 | - |
A 919 Willow Glen Way Sold | $1,750,000 | 2 | 1 | 1,092 | $1,603 | 0.4 mi |
B 2076 Coastland Avenue Sold | $1,800,000 | 3 | 1 | 1,050 | $1,714 | 0.9 mi |
C 1295 Vernon Avenue Sold | $1,230,000 | 2 | 1 | 1,085 | $1,134 | 0.2 mi |
D 1186 Norval Way Sold | $1,700,000 | 3 | 1 | 1,456 | $1,168 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1973 (51 years old) with no evidence of modern residential renovation. The kitchen and 1.5 baths are dated commercial-style break rooms, and the property lacks central HVAC, utilizing window units and baseboard heat. The listing's emphasis on 'prime for redevelopment' and land value confirms the structure requires a total rehab or replacement to meet modern residential standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7275, living area = 1088.
The CP (Commercial Pedestrian) zoning allows for a building height of up to 40 feet, offering a prime opportunity for developers to maximize the value of the 7,275 sqft lot in a high-demand area.
Ideally situated in Willow Glen with immediate access to Highways 280 and 87, proximity to light rail, and bordering the Three Creeks Walking Trail, providing excellent visibility and transit options.
While listed as a residential property, it currently functions as an office; transitioning to a live/work space requires a conditional use permit, which may pose a bureaucratic challenge for traditional buyers.
At a list price of $1.595M for only 1,088 sqft of existing structure, the valuation is heavily dependent on land and development potential rather than the utility of the current building.
Here is your chance to own one of Willow Glen's most prolific office buildings! Property is zoned CP - Commercial Pedestrian and is prime for redevelopment. The CP zoning Designation allows for a building height of up to 40 feet. There is a possibility to live in existing building with a conditional use permit. Live and work from home? There are 1.5 bathrooms and a full function kitchen/break room. Off street parking for up to 10 cars. Great freeway access to highway 280 & 87. Short distance to the light rail. This property is bordered by Minnesota Avenue, Hervey Lane and the newer Three Creeks Walking Trail. This is truly a one of a kind property!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,088 | 1,683.5 |
| Lot Size | 7,275 | 6,300 |
| Price | $1.59M | $1.70M |
| Price per sq ft | $1.5K | $1000 |
| Built year | 1973 | 1966 |
| HOA | $0 | $160 |
| Days on market | 131 | 35 |
Mar 14, 2026
$1,595,000
Initial Listing