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INVESTMENT HIGHLIGHTS
- Downtown Opportunity Awaits!
- Potential for various commercial and retail uses, as well as the possibility for new development
- This property features an updated showroom and flooring, as well as modernized restrooms and dressing rooms
- Don't miss out on the chance to make this property your own and capitalize on its strategic location and adaptable layout.
EXECUTIVE SUMMARY
Introducing an exciting opportunity in the heart of downtown Gilroy! 7648 Monterey St, a large free-standing building, is now available for sale at $999,000. This versatile property is owner occupied and currently serving as a fitness and boxing training gym, offers a range of possibilities for a new owner. Boasting a prime location with high foot traffic and proximity to various amenities, this property features an updated showroom and flooring, as well as modernized restrooms and dressing rooms. The building's sturdy construction includes poured-in-place concrete walls and a wood-framed roof structure with a metal roof. The upstairs manager's lounge has income potential as an apartment. Additionally, the gym business and equipment are available for potential buyers. With its potential for various commercial and retail uses, as well as the possibility for new development, 7648 Monterey St presents a unique opportunity to establish or relocate your business in a growing area. Don't miss out on the chance to make this property your own and capitalize on its strategic location and adaptable layout.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$219,372
|
$34.66
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $219,372 |
| Annual Per SF | $34.66 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,329 SF
Building Class
C
Year Built
1920
Price
$1,394,524 CAD
Price Per SF
$220.34 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.76
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
C2 - Down town Mix-Use
Parking
2 Spaces (0.32 Spaces per 1,000 SF Leased)
Frontage
48’ on Monterey St
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 841-04-012 | Improvements Assessment | $486,433 CAD |
| Land Assessment | $318,971 CAD | Total Assessment | $805,404 CAD |
PROPERTY TAXES
Parcel Number
841-04-012
Land Assessment
$318,971 CAD
Improvements Assessment
$486,433 CAD
Total Assessment
$805,404 CAD
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7648 Monterey St
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