726 Mariposa Ave
Mountain View, CA 94041
Sq. Feet 20,081
410-414 Sierra Vista Avenue are two separate contiguous parcels totaling 38,236 square feet of combined lot space offering a fantastic development opportunity just off West Middlefield Road in Mountain View, California. This desirable location provides easy access to US Highway 101 and is just over a mile from Google’s headquarters. With Mountain View’s high employment density the population is expected to continue to grow substantially over the next few years. With an average household income of $172,000 and population of 151,000 within a three-mile radius 410-414 Sierra Vista Avenue is located in an area with excellent income demographics.
The subject property has already gone through significant progress in getting this site developed. On June 19th, 2018 the City Council approved a Planned Unit Development, Development Review Permit, and a Tentative Map for the 14-unit rowhouse development on the 0.84-acre site. Tenant relocation is already in process, and the seller is looking for someone to come in, close fee simple on both properties and see the project to completion.
The City of Mountain View is arguably the technology center of Silicon Valley. Along with the Google headquarters, other top tech employers located near-by include- Facebook, Apple, LinkedIn, Amazon, Microsoft and Yahoo! The significant progress that has already been made with the city, robust job growth and shortage of housing units make 410-414 Sierra Vista Avenue a fantastic development opportunity.
Cap Rate: N/A NOI: N/A Livable Sq. Ft: N/A
Built in 1962 14 units Lot Sq. Ft: 38,236