CA > Milpitas
Milpitas, CA 95035,16 Corning Avenue
Milpitas, CA 95035,16 Corning Avenue
Milpitas, CA 95035,16 Corning Avenue
13
See all 13 photos
$3,995,000
Est. payment /mo
Save
20,939 SqFt
Active

16 Corning Avenue Milpitas, CA 95035

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
14
May
Thu
15
May
Fri
16
May
Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 20,939 sqft

Price per Sqft $190

MLS Listing ID ML82003329

HOA Y/N No

Year Built 1978

Lot Size 0.680 Acres

Acres 0.68

Property Sub-Type Comm Ind For Sale

Property Description

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.

Location

State CA

County Santa Clara

Zoning C2S

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 08313001

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Melinda Collins • NextHome Axis Realty

GET MORE INFORMATION

agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

Full Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Keller Williams Peninsula Estates, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

16 Corning Avenue

QUICK SEARCH