Gilroy, CA 95020,7810 Monterey ST
Gilroy, CA 95020,7810 Monterey ST
Gilroy, CA 95020,7810 Monterey ST
Gilroy, CA 95020,7810 Monterey ST
Gilroy, CA 95020,7810 Monterey ST
Gilroy, CA 95020,7810 Monterey ST
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$1,095,000

$1,195,000

8.4%
Est.Price: ?

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Est. payment /mo

0.36 Acres Lot


SOLD DATE : 01/07/2024

Key Details

Sold Price $1,095,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81940118

Sold Date 01/07/24

HOA Y/N No

Year Built 1966

Annual Tax Amount $15,227

Lot Size 0.355 Acres

Property Description

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.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning C2

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 40

Building

Story 1

Water Public

Others

Tax ID 84102015

Financing Cash

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California Regional MLS (CRMLS)
Listed by Ismael Benhamida • Compass
Bought with Gloria M Grisales • Keller Williams The Lakes
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