CA > Morgan Hill
Morgan Hill, CA 95037,16795 Monterey RD
Morgan Hill, CA 95037,16795 Monterey RD
Morgan Hill, CA 95037,16795 Monterey RD
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LaKeshia Lindsey

LaKeshia Lindsey

+1(619) 746-0849
$2,650,000
Est. payment /mo
0.6 Acres Lot
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82008263

HOA Y/N No

Year Built 1990

Annual Tax Amount $34,103

Lot Size 0.600 Acres

Property Description

Offering Memorandum available upon request. Yellowstone Investments is pleased to exclusively present for sale this exceptional ±6,450-square-foot mixed-use commercial property located at 16795 Monterey Rd, Morgan Hill, CA. Situated on a ±25,758-square-foot lot and built in 1990, this asset offers a prime investment opportunity in the heart of one of South Bay's most dynamic submarkets. The property is currently 100% occupied by three established tenants. Each unit includes its own private bathroom for tenant convenience. All leases include 3% annual rent increases, providing built-in revenue growth. Additionally, Crystal Nails Boutique and September Day Spa hold options to extend, supporting long-term tenancy stability. The property features a mix of NNN and gross leases, presenting an immediate value-add opportunity for a new owner to convert all leases to NNN, significantly reducing owner-paid expenses. The property is serviced by two separate water meters, one for interior use and one for landscaping, thus supporting efficient expense allocation. The building has undergone over $450,000 in recent capital improvements, and each tenant has also invested significantly in their respective spaces, demonstrating long-term commitment and pride of operation.

Location

State CA

County Santa Clara

Zoning CG

Interior

Fireplace No

Exterior

Roof Type Flat

Present Use Commercial

Total Parking Spaces 23

Building

Story 1

Water Public

Others

Tax ID 76710044

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California Regional MLS (CRMLS)
Listed by Adam Dahdouh • Yellowstone Investments
agent-avatar

Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California. 

+1(619) 746-0849

lakeshiasellsrealestate@gmail.com

USA

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