16000-16060 Monterey Rd 26,228 SF Retail Building

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 on 2.119 acres and a strip center featuring O'Reilly Auto Parts and Salon Centric, 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 former Rite Aid is a standalone retail building that encompasses a drive-thru window, bike parking, and storefront windows. Tenants have access to both building and monument signage, lush landscaping, and ample parking.

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 TJ 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.