About 375 Dempsey
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)
Features of 375 Dempsey
| MLS® # | ML82053506 |
|---|---|
| Price | $1,528,000 |
| Bathrooms | 0.00 |
| Acres | 0.73 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 375 Dempsey |
|---|---|
| Area | 699 - Not Defined |
| City | Milpitas |
| County | Santa Clara |
| Zip Code | 95035 |
Amenities
| Utilities | Electricity Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
School Information
| District | Other |
|---|
Additional Information
| Date Listed | July 13th, 2026 |
|---|---|
| Days on Market | 66 |
| Zoning | CO |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Hamid Abtahi |
|---|---|
| Office | Elite Realty Services |