For Sale
$10,490,000

5680 Monterey StGilroy, CA 95020

High-traffic location, 7,000 sq ft, 6 units

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 5680 Monterey St

Property type
Industrial properties, Flex space
Square Feet
7,000 SF
Year Built
1940
Buildings
4
Lot Size (sq. ft)
435,600 SF
Units
6

Location Insight

City
Gilroy
County
Santa Clara
State
California
Latitude
36.982589
Longitude
-121.554523
5680 Monterey St, Gilroy, California

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5680 Monterey St
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