Rare opportunity to acquire a downtown Morgan Hill commercial assemblage consisting of multiple contiguous parcels improved with residential homes and office suites. The portfolio generates strong in-place income and offers long-term redevelopment potential within the Downtown Specific Plan area. Located just steps from Monterey Road with convenient access to restaurants, retail, and Highway 101. Ideal for investors, developers, or 1031 exchange buyers seeking stable income with future upside in a prime downtown location. The offering includes 55 1st Street (ML82040865), 57 E 1st Street (ML82040868), 70 & 74 E Main Street (ML82040872), and 50 E Main Street (ML82040862). Marketing package is in the disclosure link.
| MLS # | ML82040862 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 155 |
| Listing Provided By | Coldwell Banker Realty | Jenny Huang |
| SQ Feet | 2,952 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | CC |
| Acreage | 0.32 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Shingle |
|---|
| Utilities | Natural Gas Available |
|---|
| Property | 83500 |
|---|
| State | CA |
|---|---|
| County | Santa Clara |
| City | Morgan Hill |
| Zip Code | 95037 |
| Area | 699 Not Defined |
| Listing VS Median (in 95037) | |
Price: $6,688,000 low | high Med: $2,400,000 sqft: 2,952 low | high Med: 3,172 $ / sqft: $2,266 low | high Med: $757 On site: 155 low | high Med: 177 | |
| State | CA |
|---|---|
| County | Santa Clara |
| City | Morgan Hill |
| Zip Code | 95037 |
| Area | 699 Not Defined |
| Listing VS Median (in 95037) | |
Price: $6,688,000 low | high Med: $2,400,000 sqft: 2,952 low | high Med: 3,172 $ / sqft: $2,266 low | high Med: $757 On site: 155 low | high Med: 177 | |