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Jenn Smart

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375 Dempsey , Milpitas, CA 95035
$1,528,000
Est. Payment: $3,395.56/mo
0.73 Acres
Status: active | Days on site: 106
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ML36447 - ML5075482
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House Description

Rare development opportunity in the heart of Silicon Valley. This strategically located parcel in Milpitas is zoned NCMU-3 (Neighborhood Commercial Mixed-Use), offering exceptional flexibility for a variety of potential uses (buyer to verify with the City of Milpitas). Possible development options include residential projects such as townhomes, condominiums, apartments, or multi-family housing, as well as commercial retail, office, or mixed-use configurations with ground-floor commercial and residential units above. Ideally situated near major transportation corridors including I-880, I-680, and Highway 237, and with convenient access to BART and VTA transit, the property benefits from strong regional connectivity. The surrounding area is supported by a robust local economy, proximity to major Silicon Valley employers, and continued growth and investment. With strong housing demand and long-term appreciation potential, this property presents a compelling opportunity for developers, investors, and builders seeking a well-located site in a high demand market. ( confirm with city)

Highlights

Listed by Hamid Abtahi , 408-253-5100 Elite Realty Services , 408-625-1500. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
0.73

County

Santa Clara

Area

699 - Not Defined

School District

Other

Listing ID

ML82053506

Questions about this listing?

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Interior Features

Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:CO
Principal Interest
$3,396
Taxes
$974

Home Price

$1,528,000

Loan Details

30 yrs
0%

Down Payment

20%
$305,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,395.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,395.56 $974.10 $0.00 $4,369.66
Yearly $40,746.67 $11,689.20 $0.00 $52,435.87
Total $1,222,400.00 $350,676.00 $0.00 $1,573,076.00
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Milpitas, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-14T03:37:04.000Z

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