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Property summary
This exceptional 7.51-acre commercial land parcel presents a remarkable investment opportunity on Morgan Hill's coveted Auto Row, directly adjacent to established Ford and Chrysler/Jeep dealerships. Located on Diana Avenue in Santa Clara County, CA (zip code 95037), this property boasts unparalleled visibility and accessibility from US Highway 101, experiencing approximately 120,000 daily commuters. The HC-PD (highway commercial planned development) zoning allows for a variety of uses, ideal for auto dealerships, RV centers, truck sales, or similar businesses. The seller possesses renderings for a potential dealership and service station, and entitlements are currently in progress. This prime location benefits from a jointly shared freeway monument sign, ensuring maximum brand exposure. The property is divisible, offering flexibility for developers or owner-users. Serving the growing populations of Morgan Hill, Gilroy, San Martin, Southern San Jose, Hollister, and Northern San Benito County, this 7.51-acre site represents a unique chance to capitalize on a thriving automotive market. The asking price is $7,500,000. Broker co-op is available.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
A-20A · Morgan Hill, CAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for A-20A in Morgan Hill, CA.
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