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7760 Monterey St 6,394 SF 100% Leased Retail Building Gilroy, CA 95020 $2,300,000 ($359.71/SF)
Investment Highlights
- Located on Monterey Street within downtown Gilroy.
- Convenient access to U.S. Highway 101 and regional routes.
- Approximately 0.70-acre site with on-site parking.
- Positioned within an active commercial and service district.
Executive Summary
Great Redevelopment oportunity 30,056 sqft Lot. Value in the the land. Seller has started demolistion application with the City of Gilroy. Property is located in the Down Town Expansion Disctric- Neighborhood Commercial. Mix use. Commercial in first floor and residential on top.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
6,394 SF
Building Class
C
Year Built
1928
Price
$2,300,000
Price Per SF
$359.71
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
DED - Down Town Expansion Disctic- C-1 Neighborhood Commercial. Mix use.
Parking
20 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
179’ on Monterey St
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 841-04-019 | Improvements Assessment | $13,246 |
| Land Assessment | $1,284,044 | Total Assessment | $1,297,290 |
Property Taxes
Parcel Number
841-04-019
Land Assessment
$1,284,044
Improvements Assessment
$13,246
Total Assessment
$1,297,290
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Contact the Sale Advisor
7760 Monterey St