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7541-7543 Monterey St

16,080 SF Retail Building Gilroy, CA 95020 £2,449,031 (£152/SF)

Investment Highlights

  • Centrally located in Historic Downtown Gilroy
  • Near Gilroy Transit Center
  • Easy Access to Public Parking

Executive Summary

Owner has developed a plan to convert the building to a 45 unit apartment complex with commercial suites on first floor.
Owner has obtained permits to undertake the seismic upgrade of the building to increase support for up two additional floors.
Owner has commenced the related demo and seismic upgrade but has not finished the work.
Recently, the Owner has decided to focus on its operations in Florida and has decided to sell this project.
To facilitate the sale, Owner is willing to provide seller financing.
.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Development Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,080 SF
Building Class
C
Year Built/Renovated
1900/2024
Price
£2,449,031
Price Per SF
£152
Tenancy
Multiple
Number of Floors
2
Building FAR
1.52
Land Acres
0.24 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
DHD - Zoning is DHD (Downtown Historic District) - C-2
Frontage
75 ft on Monterey Road

Amenities

  • Restaurant
  • Signage
  • Balcony
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Bank of Montreal
Smart & Final
Grocery Outlet
Cardenas
Anytime Fitness
Mechanics Bank
Black Bear Diner
Golden 1 Credit Union
Sunbelt Rentals
Applebee's

PROPERTY TAXES

Parcel Number 799-06-048 Improvements Assessment £1,909,770
Land Assessment £427,079 Total Assessment £2,336,850

PROPERTY TAXES

Parcel Number
799-06-048
Land Assessment
£427,079
Improvements Assessment
£1,909,770
Total Assessment
£2,336,850
(408) 847-1553

  • Listing ID: 33576325

  • Date on Market: 19/10/2024

  • Last Updated:

  • Address: 7541-7543 Monterey St, Gilroy, CA 95020

The Retail Property at 7541-7543 Monterey St, Gilroy, CA 95020 is currently available For Sale. Contact Maxima Realty Group for more information.

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7541-7543 Monterey St
(408) 847-1553 x

7541-7543 Monterey St

John Taft

(408) 847-1553

(408) 847-1553

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