19 North 2nd Street represents the opportunity to acquire a city-approved, transit-oriented, historic facade-retention redevelopment site in the heart of Downtown San Jose. The property is approved for a 22-story mixed-use tower containing 220 age-restricted affordable senior housing units above approximately 18,643 square feet of commercial space. The approved program preserves the Realty Building’s historic street-facing identity while unlocking high-density residential use on a scarce downtown parcel.

The site is located on the west side of North 2nd Street just north of East Santa Clara Street within San Jose’s Downtown Primary Commercial zoning district. The existing asset is the historic Realty Building, a two-story mixed-use structure on approximately 9,370 square feet of land. The approved scheme contemplates approximately 146,430 gross square feet, rooftop common open space, and bicycle parking, with no on-site parking required under the approved senior affordable transit-oriented configuration.

For buyers capable of executing affordable housing, tax-credit, public-private, or mission-driven infill development, the opportunity offers the chance to step into a materially advanced entitlement position in Silicon Valley’s urban core. The value proposition is not existing cash flow; it is the embedded entitlement, the urban location, and the difficult-to-replicate facade-preservation solution already established on the site.