$ 3,499,000
8897 Monterey Road Gilroy, CA 95020
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,499,000
Est. payment /mo
Active
8897 Monterey Road Gilroy, CA 95020
7,658 SqFt
UPDATED:
08/29/2024 10:20 AM
Key Details
Property Type Commercial
Sub Type Comm Bus Opp
Listing Status Active
Purchase Type For Sale
Square Footage 7,658 sqft
Price per Sqft $456
MLS Listing ID ML81978308
HOA Y/N No
Lot Size 1.100 Acres
Acres 1.1
Property Description
A potential high-density development project has emerged, offering a promising opportunity for urban growth and community enhancement. This site has the capacity to accommodate up to possibly 50 units, along with commercial as a mixed use development. An adjacent neighbor, owning a substantial parcel as well, has shown interest in selling their property for an assemblage possibility. This could provide an entire city block for integrated development to create a vibrant and diverse mixed use project. BONUS: Possibility of making over $150K per year on the motel while going through the development and planning process!
Location
State CA
County Santa Clara
Area Listing
Zoning R4
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Mike D'Ambrosio • Intero Real Estate Services