SAN JOSE — An East Bay investor bought the site of a former men’s bathhouse in San Jose for a price that suggests real estate values remain weak for many types of commercial properties.
The property at 1010 The Alameda was purchased by Narayan Group, a business entity headed up by Livermore resident and investor Sanjay Bhanvadia, for just under $2.5 million, documents filed on April 14 with the Santa Clara County Recorder’s Office show.
In recent years, Briggs Development launched a redevelopment of the property that converted the former bathhouse into a small office building.
An Arizona-based business group that paid $2.4 million for the converted office building in September 2025 was the seller…