[Deal of the week] Home Business Opportunity

Here is an opportunity you need to see if you have (or are thinking of starting) your own home-based business.  It’s on Meridian Ave in Willow Glen San Jose, a pretty busy street and easy to advertise your business/service to thousands of cars that go by each day.  It was basically a single family home that was converted into a 1- bedroom home with the rest used for the home-business -- but it was completely remodeled!  New kitchen, floors, recessed lighting, stamped concrete walkway and driveway, landscaping with sprinklers -- it’s all brand new and ready to go.

Details:

1260 Meridian Ave, San Jose, CA 95125

MLS #80955769

1 Bedrooms, 2 Bathrooms

1688sf living space

7200 sf lot

List Price: $549,000

Why is it a good deal?

It was bought for $1.07M just 2 years ago, now it is a foreclosure.  It is an undiscovered listing because it is shows up as a 1 bedroom 2 bath home in almost 1700sf.  Most buyer and agent search patterns will overlook this kind of home.  It needs a special buyer willing to live on a busy street and if it fits your needs, you will get a great deal.

What is the risk?

It may be hard to resell in the future as it will need another special buyer.  However, maybe you can sell it with your business once a name is established.  If you can get it re-zoned for retail/commercial it may increase the value as well.

Who is the best buyer?

Daycare center would be perfect -- easy drop off and pickup right at the sidewalk, yoga instructor, dentist, chiropractor, insurance agent, healthcare professional working in connection to the Indian Wellness Center across the street.  What else can you think of?

Call me if you are looking for this kind of space to run or start your home-based business.

-Mark