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Robinson Building 7541-7543 Monterey St 16,080 SF 100% Leased Retail Building Gilroy, CA 95020 $2,800,000 ($174.13/SF)
INVESTMENT HIGHLIGHTS
- Located on Gourmet Alley development area
- Large 16,000 SF building fronting Monterey Street
- Two Stories with plans to add Two stories
EXECUTIVE SUMMARY
Welcome to the Gourmet Alley project in Gilroy! The Robinson building has enormous potential. Current owner has plans for a 4 story High density or 45 unit Hotel building. This property boasts 16,080 Square feet on an expansive 10,568 Square foot lot.
• Adjacent to the new public parking lot.
• Located Just South of 4th Street in Gourmet alley designation.
• Centered in the high traffic downtown redevelopment area.
• Zoning is mixed use ‘Downtown’ C2-downtown historic District.
• The Robinson building has a historical designation.
• Courtyard in rear over 3200 SF.
• Adjacent to Gourmet Alley with benches, walking, and gathering area.
• Many new restaurants and tap rooms surround this location.
This property is under construction. The current owner has been developing other projects and can finish the Construction. Owner also offers a Build to Suit option. Temporary power pole is still in place.
https://www.cityofgilroy.org/1009/Gourmet-Alley-Project
https://ca-gilroy.civicplus.com/DocumentCenter/View/5177/Zoning-Map?bidId=
• Adjacent to the new public parking lot.
• Located Just South of 4th Street in Gourmet alley designation.
• Centered in the high traffic downtown redevelopment area.
• Zoning is mixed use ‘Downtown’ C2-downtown historic District.
• The Robinson building has a historical designation.
• Courtyard in rear over 3200 SF.
• Adjacent to Gourmet Alley with benches, walking, and gathering area.
• Many new restaurants and tap rooms surround this location.
This property is under construction. The current owner has been developing other projects and can finish the Construction. Owner also offers a Build to Suit option. Temporary power pole is still in place.
https://www.cityofgilroy.org/1009/Gourmet-Alley-Project
https://ca-gilroy.civicplus.com/DocumentCenter/View/5177/Zoning-Map?bidId=
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
16,080 SF
Building Class
C
Year Built
1900
Price
$2,800,000
Price Per SF
$174.13
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.52
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
DHD - Zoning is DHD (Downtown Historic District) - C-2
Frontage
75’ on Monterey Road
AMENITIES
- Restaurant
- Signage
- Skylights
- Balcony
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Ananda Bookbuyers
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Ananda Bookbuyers | Retailer | - | - | - |
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 799-06-048 | Improvements Assessment | $2,515,062 |
| Land Assessment | $562,440 | Total Assessment | $3,077,502 |
PROPERTY TAXES
Parcel Number
799-06-048
Land Assessment
$562,440
Improvements Assessment
$2,515,062
Total Assessment
$3,077,502
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Robinson Building | 7541-7543 Monterey St
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