Retail in San Jose, CA — Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: San Jose, CA 95113

Description

13,304 SF | Investment Sale | Retail CBRE Capital Markets is pleased to offer the rare opportunity to acquire a fee simple interest in 394 S. 2nd Street & 384 S. 2nd Street (the “Property” or “Properties”), a development site located in the core of Downtown San Jose. The total area, comprised of three parcels, totals 21,428 square feet (.49 acres) of land and includes 20,280 square feet of existing retail and office improvements. The site is ideally positioned two blocks from San Jose State University and is surrounded by multiple office and mixed-use residential projects that are under construction or approved by the city of San Jose, providing a developer an unparalleled opportunity to contribute to Downtown’s skyline. The offering is being made unpriced on an “as-is, where-is” basis.

Market Context

This retail in San Jose, CA is listed for sale. It has been on the market for 196 days. Compare it against other retail listings for sale in San Jose, CA — view the full market.

As of Q1 2026, the Silicon Valley retail market showed a 4.8% vacancy rate, average asking rents near $20.72/SF/yr, and cap rates around 5.4%. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Silicon Valley?
About 5.4% as of Q1 2026, per multiple brokerage reports.
Is the Silicon Valley retail market tightening or softening?
Vacancy is around 4.8% (Q1 2026).

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