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

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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 has been partially demolished. The current owner has been developing other projects and can finish the demolition or assist in 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 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.