16390 Monterey St - Convenience Store FOR SALE


Morgan Hill, CA 95037
$1,999,999 USD
408-219-2403
16390 Monterey St, Morgan Hill, CA for Sale
$1,999,999 USD
Convenience Store - FOR SALE
1/18
null | Request Cap Rate

16390 Monterey St
Morgan Hill, CA 95037


HIGHLIGHTS

  • heavy frontage traffic
  • many business and residential uses
  • big lot

OVERVIEW

High traffic retail store in Morgan Hill available to buy for the first time. Great concrete block building currently split between a liquor store in the front and a 3 bedroom/1 bath apartment in the rear, both are fully leased. Very big 0.72 acre lot with over 100 ft of frontage exposure to Monterey Road. Zoned "FB-C" with many approved uses, including: group housing, mixed-use residential, multi-family dwellings, residential care facilities, senior housing, single-family attached dwellings, trade school, home day care, instructional services, medical offices & clinics, park & recreation facilities, bank & financial institutions, business support, commercial recreation, restaurant fast food, restaurant sit down, tasting room, bed and breakfast, person services, professional offices, convenience market, general retail, food & beverage production, and more.**confirm all data with the City of Morgan Hill**

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$571 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,276 SF

ZONING

FB-C

APN/PARCEL ID

817-02-051

ASK ABOUT THIS PROPERTY

Michael NapoliReMax CommercialMore Info
408-219-2403

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Michael NapoliReMax CommercialMore Info
408-219-2403

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.