Downtown San Jose 1st Floor Storefront Condo 100 S 2nd St 2 918 m² Inoccupé Local commercial Vente aux enchères en ligne San Jose, CA 95113

This second-generation grocery space at 100 S 2nd Street provides a rare opportunity to acquire a purpose-driven commercial condo with a high-exposure corner location in Downtown San Jose. This is an incredible chance for users to secure space with an existing grocery build-out, while value-add investors can benefit from the growing demand in the local retail submarket. Downtown San Jose currently boasts vacancy rates below the 10-year average at just 4.7% and year-over-year rent growth of 2.7%, creating a lucrative investment market.

Comprising a total of 24,090 square feet, the property was previously occupied by The Market by Safeway and has been supporting a bustling neighborhood market close to San Jose State University and San Jose City Hall as the sole grocery store. The property's flexible Downtown Commercial zoning also allows for a wide range of other commercial uses. This contemporary space is ideally situated on the first floor of a 23-story residential condo complex with a total of 197 residential units, delivering a substantial built-in audience of potential customers. The location also ensures easy access, with 100 to 150 parking spaces available in an attached underground parking garage.

Nestled on the bustling corner of San Fernando and Second Street, 100 S 2nd Street provides a high-traffic location that can be seen by more than 15,000 vehicles passing through the signalized intersection each day. The neighborhood’s walkable, tree-lined streets also provide elevated foot traffic to the area, drawn by the numerous popular restaurants, boutique shops, beautiful parks, and vibrant entertainment/nightlife options within walking distance of the property. The site is also convenient to top Downtown destinations, sitting near SJSU, public transit options, and adjacent to the DSTJ Library and the Hammer Theater.

Businesses at 100 S 2nd Street will find themselves well-supported by an established and strong consumer base when looking within just 2 miles of the property. The population of more than 125,000 has an average household income of more than $134,000. These affluent shoppers drove more than $1.2 billion in aggregate retail spending throughout 2024. With no competing grocery locations serving Downtown San Jose, the offer provides a valuable opportunity to capture a raised market share in this prosperous West Coast hub.