Mike Priolo

1661-63 Alum Rock Ave offers investors the opportunity to acquire a cash-flowing asset with value-add capabilities. The current units produce over $300,000 is current gross rents. In addition, the massive ~.50 acre site is perfect for adding multiple ADUs by removing the the parking carport and utilizing the ample surplus of parking (contact city of San Jose for details). With the addition of the ADUs a double cap rate is attainable!

ANCHOR SPACE , MUST SEE.. BRAND NEW CONDITION *To see which spaces are available, please see the site plan on page 19 of the brochure*Brand new spaces for lease ranging from 1,000 square feet to 6,200 square feet. Adjacent shopping center to the Gilroy Premium Outlets (ranked in the top 5 of national outlet centers, over 145 prestigious brands and stores). Over five million tourists visit the area each year with more than 90,000 vehicles passing by the center daily. Prominent signage with great visibility and ADT counts along San Ysidro Avenue.ANCHOR SPACE , MUST SEE.. BRAND NEW CONDITION *To see which spaces are available, please see the site plan on page 19 of the brochure*Brand new spaces for lease ranging from 1,000 square feet to 6,200 square feet. Adjacent shopping center to the Gilroy Premium Outlets (ranked in the top 5 of national outlet centers, over 145 prestigious brands and stores). Over five million tourists visit the area each year with more than 90,000 vehicles passing by the center daily. Prominent signage with great visibility and ADT counts along San Ysidro Avenue.

Mike Priolo

About Mike Priolo

Contact Agent

Recent property sales & transaction history

2 properties

San Jose

Family Home

$3,650,000

7,900 ft²

Properties for sale by listing agent Mike Priolo

$3,640,000

Similar real estate agents nearby

Mike Priolo

Ready to take full control of your agent profile?