
Mixed-Use Land for Sale in Milpitas, California
375 Dempsey, Milpitas, CA 95035
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)
Location
- Street address
- 375 Dempsey
- County
- Santa Clara County
- Zip code
- 95035
- Community
- Milpitas
- Elevation
- 50 feet
Property details
- Lot size
- 0.73 acres31,799 sq ft
- Zoning
- CO
- MLS #
- MLSL ML82053506
- Posted
Details and features
Listing
- Type
- Commercial Sale
Exterior
- Fencing
- Fenced
Structure
- Water
- Public
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 14, 2026 | New listing | $1,528,000 | — | MLSL |











