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375 DempseyMilpitas, CA 95035

Santa Clara County

$1,528,000List price
0.73Acre lot
3 months agoOn market

Description

Rare development opportunity in the heart of Silicon Valley. This strategically located parcel in Milpitas is zoned NCMU-3 (Neighborhood Commercial Mixed-Use), offering exceptional flexibility for a variety of potential uses (buyer to verify with the City of Milpitas). Possible development options include residential projects such as townhomes, condominiums, apartments, or multi-family housing, as well as commercial retail, office, or mixed-use configurations with ground-floor commercial and residential units above. Ideally situated near major transportation corridors including I-880, I-680, and Highway 237, and with convenient access to BART and VTA transit, the property benefits from strong regional connectivity. The surrounding area is supported by a robust local economy, proximity to major Silicon Valley employers, and continued growth and investment. With strong housing demand and long-term appreciation potential, this property presents a compelling opportunity for developers, investors, and builders seeking a well-located site in a high demand market. ( confirm with city)

Property Information

Property type
Commercial Sale
Lot size
0.73 acres
Zoning
CO
Days on market
107
MLS® Listing#
ML82053506

Property Features

Utilities
Electricity Available
Water source
Public
Parcel number
08801002

Listing Courtesy: Elite Realty Services - 4086251500

Presented by: Hamid Abtahi

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-13T00:00:00.000Z and/or other sources. 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.

Licensed in the state of California.

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