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7541-7543 Monterey St Gilroy, CA 95020

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For Sale
$2,800,000

10,568 SF lot in high-traffic downtown redevelopment area.

Lot size:
0.24 Acres

Property Features for 7541-7543 Monterey St

General Information

Property type
Commercial
Standard status
Active
Lot size
0.24 Acres

Building Details

Year built
1900

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Listing Contact
Jeremy Daviner
Jeremy Daviner
Source: Elliman

Listing Agency: INTERO REAL ESTATE SERVICES Listing Agent: Jeremy Daviner

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Gilroy Land with Redevelopment Potential

Located in the Gourmet Alley project in Gilroy, this property features a 10,568 square foot lot with a 16,080 square foot building. The Robinson building, which has a historical designation, has potential for a 4-story high-density building or a 45-unit hotel, according to current owner plans. The property is situated just south of 4th Street in the Gourmet Alley designation, centered in the high-traffic downtown redevelopment area. The zoning is mixed-use Downtown C2-downtown historic District. A courtyard in the rear measures over 3200 square feet. The location is adjacent to Gourmet Alley, which includes benches, a walking area, and a gathering area. Many new restaurants and tap rooms are located nearby. The property is adjacent to a public parking area. This property is under construction, and the current owner can finish the construction. The owner also offers a build-to-suit option. A temporary power pole is in place.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Gilroy
County
Santa Clara
State
California
Longitude
-121.570136
Latitude
37.009128

FAQs

What type of property is this?
Commercial land - 10,568 SF lot in high-traffic downtown redevelopment area.
Where is this commercial land located?
The property is located at 7541-7543 Monterey St Gilroy, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: - High-density development potential: Approved plans for a 4-story, 45-unit hotel or similar project.; - Prime downtown location: Centered in Gilroy's high-traffic downtown redevelopment area within the Gourmet Alley designation.; - Large lot size: 16,080 sq ft building on a 10,568 sq ft lot.
More about this property
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