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


Gilroy, CA 95020
$3,100,000 USD
408-307-4433
7541-7543 Monterey St, Gilroy, CA for Sale
$3,100,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | Request Cap Rate

7541-7543 Monterey St
Gilroy, CA 95020


HIGHLIGHTS

  • Centrally located in Historic Downtown Gilroy
  • Easy Access to Public Parking
  • Near Gilroy Transit Center

OVERVIEW

Owner has developed a plan to convert the building to a 45 unit apartment complex with commercial suites on first floor. Owner has obtained permits to undertake the seismic upgrade of the building to increase support for up two additional floors. Owner has commenced the related demo and seismic upgrade but has not finished the work. Recently, the Owner has decided to focus on its operations in Florida and has decided to sell this project. To facilitate the sale, Owner is willing to provide seller financing. .

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$193 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

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

John TaftMaxima Realty GroupMore Info
408-307-4433

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John TaftMaxima Realty GroupMore Info
408-307-4433

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