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16000-16060 Monterey Road 2 Retail Properties Offered at £10,084,023 in Morgan Hill, CA
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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 located 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 about 3.2 acres of property in the heart of Morgan Hill, California. This includes a vacant Rite Aid Building totaling 16,320 square feet on 2.119 acres, and a strip center featuring O'Reilly Auto Parts and Salon Centric, totaling 19,908 square feet and situated on a 1.063-acre lot. With its redevelopment potential, 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.
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Property Facts
| Price | £10,084,023 | Number of Properties | 2 |
| Price psf | £384.59 / sq ft | Individually For Sale | 1 |
| Sale Type | Investment | Total Property Size | 26,220 sq ft |
| Status | Active | Total Land Area | 3.18 ac |
| Price | £10,084,023 |
| Price psf | £384.59 / sq ft |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Property Size | 26,220 sq ft |
| Total Land Area | 3.18 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 16000 Monterey St, Morgan Hill, CA 95037 | Retail | 16,320 sq ft | 2000 | - |
| 16060 Monterey Rd, Morgan Hill, CA 95037 | Retail | 9,900 sq ft | 2001 | £10,084,023 |
Sale Advisors
Sale Advisors
Dan Gluhaich, Realtor
Dan is a licensed agent with Intero Real Estate in California and with Colliers International in Nevada. He has successfully closed over 1200 escrows during his career, ranking in the top 5% of producers. Having partnered with investors in over 200 spec homes and subdivisions, Dan specializes in bringing together designers, city officials, lenders, and construction managers and guiding them through the development process. He also has extensive experience and success with triple net lease properties, 1031 exchanges, and commercial retail and office space. Born and raised in Gilroy, Dan resides in Morgan Hill with his wife and two sons. He actively supports church, school, and sports programs in the community. Dan graduated from California Poly, San Luis Obispo, in 1983.
Ralph Chellino, Realtor
Ralph has lived and sold real estate in South Santa Clara County for the past 43+ years and is a "Founding Member" of Intero. With more than one thousand local homes sold, and hundreds of happy clients, friends & family, Ralph has become a fiber in his community to the point that "locals" call him the ‘Mayor of Morgan Hill.’ He has proven to be a master of his profession, with negotiating prowess, and unmatched expertise. Ultimately providing every client with a smooth, seamless, and solid transaction. Elements that do not happen without a lifetime of experience.
Teressa, his daughter, and teammate is the Co-Founder and former Marketing Director of the Intero brand for 22+ years. She grew from the same dirt as our south county orchards, and now is raising her own family here as well. She is a marketing ace, a guru in her field, and is networked globally. Together as the Chellino Francis Group they are unrivaled.
So, if you are looking to get top dollar for your home or are a first-time home buyer looking to stretch every dollar, NO TEAM has the skills like the Chellino Francis Group. We promise to take care of you like family
Teressa, his daughter, and teammate is the Co-Founder and former Marketing Director of the Intero brand for 22+ years. She grew from the same dirt as our south county orchards, and now is raising her own family here as well. She is a marketing ace, a guru in her field, and is networked globally. Together as the Chellino Francis Group they are unrivaled.
So, if you are looking to get top dollar for your home or are a first-time home buyer looking to stretch every dollar, NO TEAM has the skills like the Chellino Francis Group. We promise to take care of you like family
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16000-16060 Monterey Road
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