For Sale
$3,000,000

16345 Church StMorgan Hill, CA 95037

1.14-Acre Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This 1.14-acre property in Morgan Hill, California, presents a unique investment opportunity. Currently operating as a 172-unit mini-storage facility, generating existing income, this land is zoned for Morgan Hill General Plan R-2 Medium Density Residential development. The property's location at 16345 Church St, in Santa Clara County (APN: 817-02-012 817-02-013), offers significant potential for future residential construction. Situated in a highly desirable neighborhood, just one block west of Monterey Rd. and within walking distance of downtown Morgan Hill's amenities, this site benefits from excellent accessibility and proximity to local businesses and restaurants. The asking price is $3,000,000. Financial statements for the existing mini-storage business are available upon request. The property is available for tours between 8 AM and 5 PM, with 24-hour advance notice required. This presents a chance to capitalize on existing income while planning a future residential development, aligning with the city's zoning regulations. The property's prime location and potential for high-density residential development make it an attractive investment.

Highlights

  • Proven income-producing asset with 2023 Profit & Loss statement available.
  • High-traffic location with excellent visibility.
  • Strong tenant occupancy rates.
  • Significant upside potential through lease renewals and rent increases.
  • Well-maintained building in good condition.

Property Details for 16345 Church St

Property type
Land
Lot Size (sq. ft)
49,658 SF

Location Insight

City
Morgan Hill
County
Santa Clara
State
California
Latitude
37.1181383
Longitude
-121.6436259
16345 Church St, Morgan Hill, California

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16345 Church St
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