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Listed by Petrise Switzer • City Ventures Construction, Inc
$ 399,000
Est. payment /mo
New
18467 Monterey RD Morgan Hill, CA 95037
665 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 665 sqft
Price per Sqft $600
MLS Listing ID 326046991
HOA Y/N Yes
Property Sub-Type Mixed Use
Property Description
The Gates Commercial Units represent a rare cold shell retail opportunity situated within one of the Bay Area's most sought-after and supply-constrained communities. Morgan Hill has long been recognized as a premier destination for families and professionals defined by high household incomes, top-rated public schools, and home values that consistently rank among the strongest in the region. With a median home price of $1,525,000 and chronic undersupply of new product, demand across all asset classes remains deeply entrenched. The project is comprised of five fully built cold shell commercial units located at 18491, 18483, 18475, 18467, and 18459 Monterey Road, offered separately from the 49-unit townhome-style condominium community within which they are situated. The units range in size from 626 to 1,340 square feet and are positioned adjacent to an established and active retail corridor anchored by Starbucks, a nail salon, a hair salon, and an AMPM providing immediate foot traffic and built-in consumer visibility from day one. Designed as part of a modern, all-electric, solar-powered community, The Gates Commercial Units offer an investor or owner-user an exceptional opportunity to establish a presence in a market with limited new commercial inventory, strong surrounding demographics, and a captive, high-income residential base that continues to grow.
Location
State CA
County Santa Clara
Area Morgan Hill/Gilroy/S
Building
Story 1
Level or Stories 1
Others
Special Listing Condition None
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