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Exceptional Investment or Owner-User Opportunity in the Heart of Milpitas! Presenting a rare opportunity to acquire a well-located, income-producing, value-add office asset in the thriving city of Milpitas. With 89% current occupancy and 32 flexible office suites, 16 Corning Avenue offers immediate cash flow and long-term upside through strategic improvements and lease optimization. Property Highlights: 20,939 SF two-story office building on a prominent corner lot; 32 suites occupied by a diverse mix of professional and small business tenants; Gross Scheduled Income: $34,794/month ($417,525 annually). Current Occupancy: 89%, Ample on-site parking. Prime location minutes from I-880, I-680, BART, VTA, and major retail centers including the Great Mall Value-Add Potential Opportunity to upgrade HVAC systems, electrical infrastructure, and water efficiency for reduced operating costs. Potential to implement green building features to attract eco-conscious tenants and increase overall asset value. Lease up remaining vacancies and reposition underperforming suites to market rates. One of the Bay Areas most strategically located and transit-connected markets. Also ideal for an owner-user looking to secure space in one of the regions fastest-growing business hubs.
Property Type(s):
Commercial
| Last Updated | 4/21/2025 | Year Built | 1978 |
|---|---|---|---|
| Community | Not Defined | County | Santa Clara |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Not Defined |
| HEAT | Central |
| HOA DUES | 0 |
| LOT | 0.68 acre(s) |
| TAXES | 49938 |
| WATER | Public |
| ZONING | C2S |
Location
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Listed with NextHome Axis Realty
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