We are pleased to present 334 San Antonio Road, comprised of a 27,051± square foot parcel located at the corner of San Antonio Road and California Street in Mountain View, California. The property consists of a Gas Station that is currently leased to Valero Energy. The property is currently underutilized and has the potential to be redeveloped with a more intense mixed-use project. The general plan and zoning is part of the Mixed-Use Corridor within the San Antonio Precise Plan, which allows for a broad range of commercial, office and residential uses and public spaces serving both surrounding neighborhoods and visitors from nearby areas.
The site is located in the heart of an area that is currently undergoing dramatic growth, with many large commercial and residential projects being developed on surrounding properties. The San Antonio Road area has seen extensive construction during the past several years and the trend is expected to continue. A few of the brand new developments in the nearby area include: The Dean (built in 2020 featuring 583 residential units and 12,000 square feet of retail), The Village (consisting of 330 residential units, 440,000 square feet of office, and 90,000 square feet of retail space), and 2580 California Street (currently under development for 632 residential units and 20,000 square feet of retail).
The area is major retail destination because of its many national tenants, including: Target, Walmart, Safeway, Whole Foods, Kohl’s, 24 Hour Fitness, and Trader Joe’s. The site also benefits from convenient public transportation, as adjacent to a bus stop and a 0.3 mile walk to the San Antonio Caltrain Station.
334 San Antonio Road is located in an area with excellent demographics, with an average household income of $120,897 within a 5 mile radius and 310,495 people within a 3 mile radius. More impressive is the working population of 213,000 within a five-mile radius. This number is high because of the site’s proximity to major Silicon Valley employers such as Google, Microsoft, LinkedIn, Samsung, Symantec, Intuit and more.
This asset offers investors and developers an extremely rare opportunity to acquire a redevelopment site in one of the most desirable commercial and residential locations in Silicon Valley.