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7810 Monterey St, Gilroy, CA 95020
$1,095,000
7810 Monterey St, Gilroy, CA 95020View this property at 7810 Monterey St, Gilroy, CA 95020
7810 Monterey StGilroyCA95020
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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.
Full Property Details
Full Property Details for 7810 Monterey St
General
- Sold For: $1,095,000
- Status: Closed
- Type: Office
- MLS ID: ML81940118
- Added to Site: 263 day(s) ago
Business
- Business Type: Office Building
Rental Information
- Complex Features: Office
Interior
- Flooring: Carpet
Additional Information
- Extras: Not Applicable
- Security/Safety: None
Parking
- Parking Features: Assigned Spaces, No Garage, Off-Street Parking, Parking Area, Unassigned Spaces
Location
- Area: Morgan Hill / Gilroy / San Martin
- County: Santa Clara
- Cross Streets: Loof Avenue
Heating & Cooling
- Cooling Type: Central AC
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Individual Electric Meters, Individual Gas Meters
- Metering: Master Water, Separate Electric, Separate Gas
Structural Information
- # Buildings: 2
- Foundation: Concrete Slab
- Roof: Composition
- Disability Access: Parking
- Square Feet: 2,502
- Office: 4,000 Sq. Ft.
- Warehouse: 4,000 Sq. Ft.
- Year Built: 1966
Unit Information
- Units in Complex: 5
- # Tenants: 5
Lot Features
- Lot Size (Acres): 0.3554
- Minimum Lot Size: 15480
- Lot Size (Sq. Ft.): 15,480
- Grounds/Landscape: Low Maintenance
- Yard Description: 15480 Sq. Ft.
- Present Use: Office
- Zoning: C2
Disclosures and Reports
- Restrictions: None
Listed by Compass, Ismael Benhamida
Sold by Winvp, Gloria M Grisales
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Schools
Schools serving 7810 Monterey St
School District:Gilroy Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
6550 Cimino St, Gilroy, CA 95020 | K-5 | 1.4 mi | |
7121 Grenache Way, Gilroy, CA 95020 | 6-8 | 2.3 mi | |
750 W 10th St, Gilroy, CA 95020 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7810 Monterey St
Date
Details
Price
Change
Source
1/07/2024
Sold
$1,095,000
-8.37%
MLS
8/29/2023
Listed
$1,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7810 Monterey St, Gilroy, CA 95020 (MLS# ML81940118) is a Office property that was sold at $1,095,000 on January 07, 2024. Want to learn more about 7810 Monterey St? Do you have questions about finding other Office real estate for sale in Gilroy? You can browse all Gilroy real estate or contact a Coldwell Banker agent to request more information.