7810 Monterey Street, Gilroy, CA 95020

About this commercial property

4,000 SqF multi-tenant office with large lot surrounded by the excellent shopping, dining, & entertainment options in Downtown Gilroy. Corner location with high visibility & frontage on the main road. 5 offices- all of which are occupied. 3 contiguous offices can be delivered vacant at COE. Perfect for medical, administrative, real estate brokerage, & many other uses. As a medical office, it is centrally located with St. Louise Regional Hospital only 2.3 miles away. Situated within Gilroys Downtown Expansion District (DED). Numerous permitted land uses. Potential to redevelop & residential housing is an allowed use with a conditional use permit. Exterior amenities include a high visibility sign & large parking lot with approx. 25 parking spaces. 7810 Monterey Highway provides an owner user with a turnkey office solution in a high visibility downtown location & the investor with a reliable cash flow stream and significant development potential. CAP Rate: 5% Current, 6.64% Proforma. Buyer to verify building square footage and lot size.

Listing description from the January 2024 sale, as reported to CRMLS.

Sale history

$1,095,000

Sold January 2024 · listed $1,195,000, on market August 2023 · MLS #ML81940118 · Source: CRMLS

Listing Agent: Ismael Benhamida · Listing Office: Compass · Contact: (415) 345-3000 · Bought with: Gloria M Grisales · Keller Williams The Lakes

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