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285 W Main Ave 1,342 SF 100% Leased Retail Building Morgan Hill, CA 95037 $2,100,189 CAD ($1,564.97 CAD/SF)



Executive Summary
Exceptional mixed-use investment opportunity in the heart of Morgan Hill! Situated on a 17,523 SF lot, this unique property offers immediate income and future development potential. The property features an approximately 723 SF commercial building occupied by a popular Boba Tea business, along with a separate 1,342 SF residential home offering 2 BD/2 BA. The residence is currently tenant-occupied, providing an additional income stream for investors. Located minutes from vibrant Downtown Morgan Hill, the property enjoys excellent visibility and convenient access to restaurants, shopping, Caltrain, and major commuter routes. Mixed-Use Neighborhood zoning creates exciting redevelopment possibilities. Conceptual plans for a multi-story mixed-use project have already been prepared and reviewed by the City of Morgan Hill, offering buyers valuable groundwork to explore expanded residential and commercial uses. Whether you're seeking a cash-flowing investment, live/work opportunity, or strategic redevelopment site, 285 W. Main Ave presents a rare chance to capitalize on both current income and long-term upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,342 SF
Building Class
C
Year Built
1920
Price
$2,100,189 CAD
Price Per SF
$1,564.97 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
0.40 AC
Zoning
MU-N
Parking
5 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
96’ on W Main Ave
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 764-17-007 | Improvements Assessment | $492,800 CAD |
| Land Assessment | $1,478,333 CAD | Total Assessment | $1,971,133 CAD |
Property Taxes
Parcel Number
764-17-007
Land Assessment
$1,478,333 CAD
Improvements Assessment
$492,800 CAD
Total Assessment
$1,971,133 CAD
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285 W Main Ave
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