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16000-16060 Monterey Road 2 Retail Properties Offered at $18,490,120 CAD in Morgan Hill, CA
Investment Highlights
- 16000-16060 Monterey Road presents approximately 3.2 acres of development space and commercial opportunity in the heart of Morgan Hill.
- With limitless potential, this site can accommodate mixed-use, medium- to high-density residential development.
- New owners can benefit from higher rents, renewed leases, and redevelopment options, as property values increase due to regional growth.
- Prominently at the signalized corner of Tennant Avenue and Monterey Road, where over 43,248 vehicles pass through daily.
- Surrounded by nearby retailers and entertainment, including CineLux Morgan Hill, Safeway, Bank of America, and Chipotle.
- Benefit from proximity to the heart of Silicon Valley, freeways, shopping, restaurants, and highly rated schools.
Executive Summary
16000-16060 Monterey Road presents a prime commercial investment opportunity, offering 3.2 acres of property in the heart of Morgan Hill, California. This includes a vacant Rite Aid Building consisting of 16,320 sq.ft. on 2.119 acres and a strip center featuring O'Reilly Auto Parts and Salon Centric consisting of 9,908 sq.ft., situated on a 1.063-acre lot. With its potential for redevelopment, this site can accommodate mixed-use, medium- to high-density residential development in the heart of Morgan Hill.
The striking property boasts a prime corner position at the signalized intersection of Tennant Avenue, frequented by 21,816 vehicles daily, and Monterey Road, which is traveled by over 21,432 vehicles daily. It is located near Vineyard Town Center, anchored by Nob Hill Foods and T.J. Maxx, and is close to Tennant Station, which is home to Safeway, Fitness 19, Starbucks, and US Bank. 16000-16060 Monterey Road's convenient access to Highway 101 makes it easy for residents to travel around the San Francisco Bay Area and the Central Coast.
Morgan Hill, nestled at the southern tip of Silicon Valley, is a charming community known for its natural beauty, diverse landscapes, rich history, and welcoming atmosphere. The area boasts a population of over 117,557 within a 10-mile radius, with an average household income of $158,268, contributing to $1.67 billion in consumer spending. With its exceptional visibility, strategic location, and strong local demographics, 16000-16060 Monterey Road represents an outstanding investment opportunity in a thriving retail corridor.
The striking property boasts a prime corner position at the signalized intersection of Tennant Avenue, frequented by 21,816 vehicles daily, and Monterey Road, which is traveled by over 21,432 vehicles daily. It is located near Vineyard Town Center, anchored by Nob Hill Foods and T.J. Maxx, and is close to Tennant Station, which is home to Safeway, Fitness 19, Starbucks, and US Bank. 16000-16060 Monterey Road's convenient access to Highway 101 makes it easy for residents to travel around the San Francisco Bay Area and the Central Coast.
Morgan Hill, nestled at the southern tip of Silicon Valley, is a charming community known for its natural beauty, diverse landscapes, rich history, and welcoming atmosphere. The area boasts a population of over 117,557 within a 10-mile radius, with an average household income of $158,268, contributing to $1.67 billion in consumer spending. With its exceptional visibility, strategic location, and strong local demographics, 16000-16060 Monterey Road represents an outstanding investment opportunity in a thriving retail corridor.
Property Facts
| Price | $18,490,120 CAD | Number of Properties | 2 |
| Price / SF | $352.54 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 52,448 SF |
| Status | Active | Total Land Area | 6.18 AC |
| Price | $18,490,120 CAD |
| Price / SF | $352.54 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 52,448 SF |
| Total Land Area | 6.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 16000-16060 Monterey Rd, Morgan Hill, CA 95037 | Retail | 26,228 SF | 2001 | - |
|
Morgan Hill Retail Center
16000 Monterey St, Morgan Hill, CA 95037 |
Retail | 26,220 SF | 2000 | - |
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Dan Gluhaich
16000-16060 Monterey Road
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