Hotels for Sale

San Jose Development Site – Hotel or Other Commercial

Description:
  • Fee-Simple Interest in the 1.892 acres (~82,415 sq. ft.) potential development site with two commercial buildings (~31,700 sq. ft.), owners have proposed a plan to build a 400-room Hotel Indigo on the site
  • Located in an “Opportunity Zone” approximately 1.5 miles from San Jose International Airport (SJC) suitable for commercial development (or) the proposed Hotel Indigo by IHG (or) potentially a dual branded hotel with a top tier franchise with 101 freeway visibility
  • Currently generating $456,000 NNN annual lease income from two buildings, leased to independent airport parking tenant
  • Proximate to significant core demand generators including PayPal, EBAY, Cisco, Adobe Systems, Sanmina, IBM, HP, Apple, Google, Western Digital, San Jose State University, and several others
  • Property is located less than three miles from the proposed Google second headquarters (San Jose Google’s Transit Village Project) and from the under construction Berryessa BART Station which will be completed next year (2021)
  • Accessible to all regional demand including downtown San Jose, San Jose International Airport, San Jose Earthquakes Stadium (MLS Soccer), Levi’s Stadium (49ers NFL), SAP Center (NHL Hockey) Great America Theme Park, Winchester Mystery House and Bay 101 Casino

Listing Agents

Scott Griemsmann
T: 415.419.5765
Email
DRE #01336236

Subu Thiagarajan
T: 510.205.7931
Email
DRE #01891134

Send message to listing owner