Listed by Intero Commercial Morgan Hill
$8,999,000
5680 Monterey Road
Details
APN 841-14-028
Property Type Industrial
Sub Type Flex
Square Footage 7,000
Net Rentable (SqFt) 7,000
Units 6
Cap Rate 0.08%
NOI $7,000
Tenancy Vacant
Price per SqFt $1,286
Year Built 1940
Buildings 4
Acreage 10.000
Zoning Mixed use Residential Industrial. Gateway industrial
Sale Condition For sale by owner
Industrial Mixed Use Gateway Zoning
Marketing description
Formerly ‘Senaida’s Painted Wagon’ Restaurant and Bar. 195 Feet of Frontage visible from US 101! Estimated that Over 75,000 vehicles pass this location daily. Currently this property has two single family homes and one Mixed use building. The Mixed use building consists of two 3 Bedroom, 1 Bath apartments on the second level and a large bar, kitchen, stage, and two restrooms on the lower level. There are several garages and a large metal/wood barn. Zoning was ‘Mixed use Commercial’ (CM or M1) although City of Gilroy has the zoning in the 2040 plan as ‘City Gateway District’(GD). Prior Rents were around $7,000 month. Proposed Sharks Ice and Sports park is nearby.
Listing Contacts
Listed by Intero Commercial Morgan Hill
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$7,000.00
$583.33/mo
Valuation Metrics
0
DSCR
0.08%
Cap Rate
0.08%
ROI
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