Property summary
This 1.14-acre property in Morgan Hill, California, presents a unique investment opportunity. Currently operating as a 172-unit mini-storage facility, generating existing income, this land is zoned for Morgan Hill General Plan R-2 Medium Density Residential development. The property's location at 16345 Church St, in Santa Clara County (APN: 817-02-012 817-02-013), offers significant potential for future residential construction. Situated in a highly desirable neighborhood, just one block west of Monterey Rd. and within walking distance of downtown Morgan Hill's amenities, this site benefits from excellent accessibility and proximity to local businesses and restaurants. The asking price is $3,000,000. Financial statements for the existing mini-storage business are available upon request. The property is available for tours between 8 AM and 5 PM, with 24-hour advance notice required. This presents a chance to capitalize on existing income while planning a future residential development, aligning with the city's zoning regulations. The property's prime location and potential for high-density residential development make it an attractive investment.
Property profile
VerifiedCap rate & NOI
Current use
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Storage Facility
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Law Firm
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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