New Development Opportunity in the Heart of Silicon Valley: 1793 Lafayette St offers a rare opportunity for the astute Investor to acquire a 29,185 SqFt lot and an income-generating office asset with significant development potential. The property is designated for Medium Density Residential use in the General Plan, allowing for 20-36 DU/acre. Recent upgrades to the building include a new roof and a 36kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. There is also the option for an owner-user to occupy approximately 15,000 SqFt or the entire second floor. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this property allows both International and Domestic investors to commute easily while enjoying nearby amenities. Buyer to verify current zoning/building requirements/restrictions with City of Santa Clara building dept.
Courtesy: Oak Shores Realty
Santa Clara is located in California. Santa Clara, California has a population of 127,922. Santa Clara is less family-centric than the surrounding county with 38.68% of the households containing married families with children. The county average for households married with children is 38.78%.
The median household income in Santa Clara, California is $150,244. The median household income for the surrounding county is $140,258 compared to the national median of $69,021. The median age of people living in Santa Clara is 34 years.
The average high temperature in July is 80.3 degrees, with an average low temperature in January of 42.3 degrees. The average rainfall is approximately 15.4 inches per year, with 0 inches of snow per year.
