16450 Monterey Rd - Retail FOR SALE


Morgan Hill, CA 95037
$2,595,000 USD
408-345-5169
16450 Monterey Rd, Morgan Hill, CA for Sale
$2,595,000 USD
Retail - FOR SALE
1/15
null | 4.54% Cap Rate

16450 Monterey Rd
Morgan Hill, CA 95037


HIGHLIGHTS

  • Seller Financing Available.
  • Tenant Mix – 100% occupied by four established tenants.
  • Lease Stability – Strong tenancy with one long-term tenant (23+ years), one mid-term tenant (4+ years), and two tenants who started in 2024.
  • Utilities – Separate gas/electric meters; two water meters (building and landscaping); salons reimburse portion of water usage.
  • Capital Improvements – New roof ~7 years ago; three of four units renovated; two new water backflows installed.
  • Zoning – CC (Community Commercial), allowing retail, service, office, and mixed-use commercial uses.

OVERVIEW

Marketing package available upon request. This property can be delivered together with 16795 Monterey Rd for a combined investment opportunity. Yellowstone Investments is pleased to exclusively present for sale this exceptional ±6,683 SF mixed-use commercial property located at 16450 Monterey Road, Morgan Hill, CA. Situated on a ±20,000 SF lot and built in 1979, the asset offers an attractive investment opportunity in one of South Bay’s most dynamic submarkets. The property is 100% occupied by four established tenants: Bella Vita Salon, Cherissie’s Hair Salon, Morgan Hill Teachers Union, and Chaven & Associates LLP. Each occupies roughly one-quarter of the building. The premises feature multiple restrooms, including men’s and women’s facilities in two units, a private restroom in another, and a second-floor common area with men’s and women’s restrooms plus a shower. Additionally, Chaven & Associates LLP benefits from a private kitchen, adding convenience for its staff. All leases include 2.5–3% annual rent increases, providing built-in income growth. Cherissie’s Hair Salon holds a five-year renewal option, supporting long-term stability. The property has separate gas and electric meters, and two water meters—one for the building and one for landscaping—with the salons reimbursing a portion of the building’s water usage. The building has been well maintained, with three of four units renovated, each featuring its own furnace and A/C condenser. A new roof was installed approximately seven years ago. The site offers ±29 on-site parking spaces and additional development potential due to its large lot size. The Seller is open to providing seller financing, offering flexibility for qualified buyers. Located directly on Monterey Highway, a major commercial corridor with strong traffic counts and visibility, the property provides stable income, minimal management needs, and long-term growth potential in a high-demand South Silicon Valley market.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$388 USD /SF

CAP RATE

4.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Seller Financing Available

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CC, Morgan Hill

APN/PARCEL ID

817-02-037

ASK ABOUT THIS PROPERTY

Adam DahdouhYellowstone InvestmentsMore Info
408-345-5169

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Adam DahdouhYellowstone InvestmentsMore Info
408-345-5169

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