7541-7543 Monterey St - Storefront Retail/Office FOR SALE


Gilroy, CA 95020
$2,800,000 USD
408-710-3459
7541-7543 Monterey St, Gilroy, CA for Sale
$2,800,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | Request Cap Rate

7541-7543 Monterey St
Gilroy, CA 95020


HIGHLIGHTS

  • Located on Gourmet Alley development area
  • Two Stories with plans to add Two stories
  • Large 16,000 SF building fronting Monterey Street

OVERVIEW

Welcome to the Gourmet Alley project in Gilroy! The Robinson building has enormous potential. Current owner has plans for a 4 story High density or 45 unit Hotel building. This property boasts 16,080 Square feet on an expansive 10,568 Square foot lot. • Adjacent to the new public parking lot. • Located Just South of 4th Street in Gourmet alley designation. • Centered in the high traffic downtown redevelopment area. • Zoning is mixed use ‘Downtown’ C2-downtown historic District. • The Robinson building has a historical designation. • Courtyard in rear over 3200 SF. • Adjacent to Gourmet Alley with benches, walking, and gathering area. • Many new restaurants and tap rooms surround this location. This property is under construction. The current owner has been developing other projects and can finish the Construction. Owner also offers a Build to Suit option. Temporary power pole is still in place. https://www.cityofgilroy.org/1009/Gourmet-Alley-Project https://ca-gilroy.civicplus.com/DocumentCenter/View/5177/Zoning-Map?bidId=

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Robinson Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,585 SF

ZONING

DHD

APN/PARCEL ID

799-06-048

ASK ABOUT THIS PROPERTY

Jeremy DavinerIntero Real Estate SvcMore Info
408-710-3459

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Jeremy DavinerIntero Real Estate SvcMore Info
408-710-3459

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