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Listed by Adam Dahdouh • Yellowstone Investments
$2,650,000
Est. payment /mo
6,450 SqFt
New
16795 Monterey RD Morgan Hill, CA 95037
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Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 6,450 sqft
Price per Sqft $410
MLS Listing ID ML82008263
Year Built 1990
Lot Size 0.600 Acres
Property Sub-Type Commercial Property
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
Heating Other
Cooling Other
Exterior
Parking Features Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Flat / Low Pitch
Present Use Commercial,Mixed
Building
Story 1
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Level or Stories 1
Others
Restrictions None
Tax ID 767-10-044
Security Features Other
Special Listing Condition Not Applicable
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