About 7810 Monterey St
4,000 SqF multi-tenant office with large lot surrounded by the excellent shopping, dining, & entertainment options in Downtown Gilroy. Corner location with high visibility & frontage on the main road. 5 offices- all of which are occupied. 3 contiguous offices can be delivered vacant at COE. Perfect for medical, administrative, real estate brokerage, & many other uses. As a medical office, it is centrally located with St. Louise Regional Hospital only 2.3 miles away. Situated within Gilroys Downtown Expansion District (DED). Numerous permitted land uses. Potential to redevelop & residential housing is an allowed use with a conditional use permit. Exterior amenities include a high visibility sign & large parking lot with approx. 25 parking spaces. 7810 Monterey Highway provides an owner user with a turnkey office solution in a high visibility downtown location & the investor with a reliable cash flow stream and significant development potential. CAP Rate: 5% Current, 6.64% Proforma. Buyer to verify building square footage and lot size.
Features of 7810 Monterey St
| MLS® # | ML81940118 |
|---|---|
| Price | $1,195,000 |
| Square Footage | 2,502 |
| Acres | 0.36 |
| Year Built | 1966 |
| Type | Common Interest |
| Sub-Type | Commercial Property |
| Status | Sold |
Community Information
| Address | 7810 Monterey St |
|---|---|
| Area | Morgan Hill / Gilroy / San Martin |
| City | GILROY |
| County | Santa Clara |
| State | CA |
| Zip Code | 95020 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters |
|---|---|
| Parking Spaces | 40 |
| Garages | No Garage |
| Is Waterfront | No |
Interior
| Heating | Central Forced Air Heat |
|---|---|
| Cooling | Central Air Conditioning |
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | No |
Exterior
| Roof | Composition Roof |
|---|---|
| Foundation | Concrete Slab |
School Information
| Attendance Zone | GILROY HIGH SCHOOL, LAS ANIMAS ELEMENTARY SCHOOL, ASCENCION SOLORSANO MIDDLE SCHOOL |
|---|
Additional Information
| Zoning | C2 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ismael Benhamida |
|---|---|
| Office | Compass |
| Office Contact | 408-373-6195 |
