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$ 3,499,000
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Active
8897 Monterey RD Gilroy, CA 95020
7,658 SqFt
UPDATED:
12/10/2024 04:03 PM
Key Details
Property Type Commercial
Sub Type Business for Sale
Listing Status Active
Purchase Type For Sale
Square Footage 7,658 sqft
Price per Sqft $456
MLS Listing ID ML81978308
Lot Size 1.100 Acres
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 Morgan Hill / Gilroy / San Martin
Zoning R4
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Exterior
Parking Features Common Parking Area, Parking Area
Utilities Available Public Utilities
Roof Type Composition
Building
Sewer Sewer - Public
Water Public
Others
Security Features None
Special Listing Condition Not Applicable
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Listed by Mike D'Ambrosio • Intero Real Estate Services