5680 Monterey St Gilroy, CA 95020

This exceptional 7,000-square-foot flex space in Gilroy, CA, presents a unique investment opportunity. Located on a 10-acre lot at 5680 Monterey Road, this property boasts 195 feet of frontage on US 101, with an estimated daily traffic count exceeding 75,000 vehicles. The property includes four buildings constructed in 1940, currently vacant, and zoned for Mixed Use Residential Industrial, designated as a "City Gateway District" in the Gilroy 2040 plan. The existing structures comprise two single-family homes and a mixed-use building featuring two 3-bedroom, 1-bathroom apartments upstairs and a large ground-floor space previously used as a restaurant and bar, complete with kitchen and stage. Additional structures include several garages and a large metal/wood barn. The property offers 7,000 square feet of net rentable space, with an asking price of $10,490,000 ($1,498.57/sq ft and $1,748,333.33 per unit). The property's previous annual net operating income (NOI) was approximately $7,000. Its proximity to the proposed Sharks Ice and Sports park adds significant future development potential. The Assesor's Parcel Number (APN) is 841-14-028. This property is being offered for sale by owner.