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Key Details
Sold Price $4,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81929831
Sold Date 01/12/24
HOA Y/N No
Year Built 1966
Annual Tax Amount $4,749
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
Area 699 - Not Defined
Zoning CC
Interior
Cooling None
Fireplace No
Exterior
Roof Type Composition,Flat
Present Use Commercial
Total Parking Spaces 32
Building
Story 2
Water Public
Others
Tax ID 39727028
Financing Cash
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Bought with Jeff Wyatt • Wyatt & Associates