5680 Monterey Road | 5680 Monterey Rd
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5680 Monterey Road 5680 Monterey Rd
7,000 SF 100% Leased Industrial Building Gilroy, CA 95020 $10,490,000 ($1,499/SF)
Investment Highlights
- 195 feet frontage of visibility from US 101
- Close to the new Proposed Sharks Ice and Sports park
- 10 acres with the Front area paved
- Visible to over 75,000 vehicles each Day
Executive Summary
Formerly ‘Senaida’s Painted Wagon’ Restaurant and Bar. 195 Feet of Frontage visible from US 101! Estimated that Over 75,000 vehicles pass this location daily. Currently this property has two single family homes and one Mixed use building. The Mixed use building consists of two 3 Bedroom, 1 Bath apartments on the second level and a large bar, kitchen, stage, and two restrooms on the lower level. There are several garages and a large metal/wood barn. Zoning was ‘Mixed use Commercial’ (CM or M1) although City of Gilroy has the zoning in the 2040 plan as ‘City Gateway District’(GD). Prior Rents were around $7,000 month. Proposed Sharks Ice and Sports park is nearby.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$85,000
|
$12.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,000
|
$12.14
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $85,000 |
| Annual Per SF | $12.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $85,000 |
| Annual Per SF | $12.14 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Fenced Lot
- Signage
- Skylights
- Yard
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - Septic Field
- Heating
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PROPERTY TAXES
| Parcel Number | 841-14-028 | Improvements Assessment | $156,367 |
| Land Assessment | $524,331 | Total Assessment | $680,698 |
PROPERTY TAXES
Parcel Number
841-14-028
Land Assessment
$524,331
Improvements Assessment
$156,367
Total Assessment
$680,698
zoning
| Zoning Code | Mixed Use Gateway (Zoning was ‘Mixed use Commercial’ (CM or M1) although City of Gilroy has the zoning in the 2040 plan as ‘City Gateway District’(GD).) |
| Mixed Use Gateway (Zoning was ‘Mixed use Commercial’ (CM or M1) although City of Gilroy has the zoning in the 2040 plan as ‘City Gateway District’(GD).) |
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5680 Monterey Road | 5680 Monterey Rd
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