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$ 2,650,000
Est. payment /mo
Active
16795 Monterey RD Morgan Hill, CA 95037
0.6 Acres Lot
UPDATED:
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
Listed by Adam Dahdouh Yellowstone Investments