Mixed-Use Development
For Sale
$3,250,000
18060 Monterey Road, Morgan Hill, CA 95037
Mixed-use development with residential and commercial potential.
Property Size110,000 SF
Price / SF$29.55
Days on Market212
Property Features for 18060 Monterey Road
General Information
Standard status
Active
Size
110,000 SF
Property subtype
Commercial
Amenities
Level
Listing Agency:
INTERO REAL ESTATE SERVICES
(408) 979-5900
Listed By:
MIKE D'AMBROSIO · License #01841982
Source:
Corcoran
Added: Jan 29
Changed: Aug 27
Last Checked: Aug 26 at 8:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of INTERO REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This property presents a mixed-use development opportunity, utilizing a form-based zoning code that allows for flexible building volumes to support various uses. The proposed plan includes four stories of residential units above ground-floor parking and a commercial component. The site design takes advantage of an existing roadway on the south side of the property to improve access and ground-floor efficiency, with three vehicular entry points. The concept features a concrete podium with wood framing above, reaching five stories including parking, and meets all required setbacks and open-space standards. The program envisions approximately 100 residential units across four floors, averaging 850 to 900 square feet, with a mix of studios up to three-bedroom options, totaling roughly 104,000 square feet of residential space, complemented by 6,000 square feet of commercial frontage. The design provides 140 parking stalls utilizing hydraulic lifts, as well as shared amenities including a rooftop entertainment area.
Key Highlights
- Mixed‑use development with residential units above ground‑floor parking and commercial space.
- Approximately 100 residential units ranging from studios to three‑bedroom options.
- Four stories of residential space totaling roughly 104,000 square feet.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Explore this area
Business Placement
Demographics for 95037, CA
53,126
Population
17,185
Households
3.1
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
120.1 sq mi
ZIP Area
442
Density / Sq Mi
$158,256
Median Household Income
$71,130
Median Earnings
$2,242
Median Rent
$1,152,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use development with residential and commercial potential.
Where is this mixed-use property located?
The property is located at 18060 Monterey Road Morgan Hill, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Mixed‑use development with residential units above ground‑floor parking and commercial space.; Approximately 100 residential units ranging from studios to three‑bedroom options.; Four stories of residential space totaling roughly 104,000 square feet.
