Grace Baptist Church has played an integral part of the San Jose community for decades. In addition to serving as a religious ministry, the Church has offered commercial space to community partners to provide essential services, including a shelter for the homeless and housing for vulnerable
In an effort to utilize their property to its fullest potential and provide ongoing revenue to the Church, the property is currently being marketed for sale or long-term ground lease.
The site consists of four adjacent parcels, totaling approximately 1.29 acres in size and encompassing two corner lots. Immediately adjacent to San Jose State University, the property is in the walkable East Campus neighborhood of San Jose, home to tens of thousands in the San Jose State University campus community. The site offers a unique opportunity for a high-quality redevelopment (residential, retail, education, or a mixture of uses) that can seamlessly integrate itself into the neighborhood and be a community asset for years to come.
The goal of this Offering Memorandum is to identify a buyer, or long-term ground lease tenant, willing to develop the property to its higher potential and collaborate with the Church to ensure they can continue providing religious ministry and other services in a portion of the new development. All proposals must account for the Church and community programs to retain a portion of commercial space on the ground floor of the property.
Property Address: 484 E San Fernando St., San Jose, CA 95112
Assessor’s Parcel Numbers: Parcel 1: 467-25-096; -097; – 098; -099
Zoning: R-M – Multiple Residence District
Property Size: 56,763 SF (1.29 Acres)
General Plan: Public Quasi Public and Urban Residential