Property Details
About this Property
Exceptional Investment or Owner-User Opportunity in Milpitas! Rare chance to acquire a strategically located, income-producing office property in thriving Milpitas. Immediate value-add potential with 12 leases due for amendmentsconvert lease terms from Gross to NNN and adjust rents to market rates to unlock instant equity. Property Highlights: * 20,939 SF two-story office building on prominent corner lot * 32 suites occupied by a diverse tenant mix of professionals and small businesses * Gross Scheduled Income: $34,717/month ($416,606 annually) * Current occupancy: 89% * Ample on-site parking * Prime location near I-880, I-680, BART, VTA, and major retail centers including the Great Mall ** Value-Add Opportunities ** * Upgrade HVAC, electrical systems, and improve water efficiency to reduce operating costs * Implement green building features to attract eco-conscious tenants * Lease vacant spaces and reposition underperforming suites at market rates * Ideal for investors seeking asset appreciation or owner-users looking to secure premium office space in one of the Bay Areas fastest-growing business hubs.
MLS Listing Information
MLS #
ML82003329
MLS Source
MLSListings, Inc.
Days on Site
20
Commercial Information
# Buildings / # Units
1 / 31
Parking Spaces
50
Present Use
Office
Utilities
Public Utilities, Water - Public
Interior Features
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Flat, Other
Foundation
Reinforced Concrete
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Zoning
C2S
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 31 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
16 Corning Ave is a Commercial Sale in Milpitas, CA 95035. This 20,939 square foot property sits on a 0.68 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,995,000 and was built in 1978. This address can also be written as 16 Corning Ave, Milpitas, CA 95035.
©2025 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of April 22, 2025. For the most current information, please contact Melinda Collins, (408) 854-0828
