About This Home

This 0-bedroom, 0-bathroom commercial at 375 DEMPSEY in Milpitas, CA is listed for $1,528,000. on a 0.73 acres lot.

Key Features

  • 0.73 acre lot
Listing 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)

Monthly Cost Estimate

$8,172/mo

20% down · 6.5% · 30 years

Principal$1,105
Interest$6,621
Insurance$446

Estimates only. Actual payments may vary.

Location

375 DEMPSEY

Milpitas, CA 95035

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 375 DEMPSEY is listed at $1,528,000. The estimated monthly payment is $8,172 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.73 acre lot.

This property is listed by Hamid Abtahi and can be reached at 4088911900.

HA

Hamid Abtahi

License 01071456

Agent at Elite Realty Services

(408) 891-1900

Listed by Elite Realty Services · Broker phone: (408) 506-1746 · View on Broker Site

MLS# ML82053506· Source: MLS Listings, Inc.· 71 days on PropertySimple

Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

375 DEMPSEY, Milpitas, CA 95035

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