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16795 Monterey Rd Morgan Hill, CA 95037

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For Sale
$2,650,000

Mixed-use property with established tenants and value-add potential.

Property size:
6,450 SF

Property Features for 16795 Monterey Rd

General Information

Standard status
Active
Size
6,450 SF

Building Details

Year built
1990

Source: YELLOWSTONE INVESTMENTS Agent ADAM DAHDOUH

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


Overview

Mixed-Use Commercial Property For Sale

This mixed-use commercial property, built in 1990, offers approximately 6,450 square feet of space on a lot of approximately 25,758 square feet. The property is located on Monterey Rd in Morgan Hill, CA. The building is currently 100% occupied by three established tenants. Each unit includes a private bathroom. Leases include 3% annual rent increases. Crystal Nails Boutique and September Day Spa have options to extend their leases. The property operates with a mix of NNN and gross leases, presenting a value-add opportunity to convert all leases to NNN. The property is serviced by two separate water meters, one for interior use and one for landscaping. The building has undergone over $450,000 in recent capital improvements, and each tenant has also invested significantly in their respective spaces.
Location Intelligence

Current Use by Public Records

Elite Barber College Barber School Crystal Nails Boutique Nail Salon September Day Spa Day Spa

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Morgan Hill
County
Santa Clara
State
California
Longitude
-121.6486328
Latitude
37.1221412

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with established tenants and value-add potential.
Where is this mixed-use property located?
The property is located at 16795 Monterey Rd Morgan Hill, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: - 100% Occupied by three established tenants.; - ±6,450-square-foot mixed-use commercial property on a ±25,758-square-foot lot.; - Located in a dynamic South Bay submarket.
More about this property
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