Gilroy, CA 95020,8897 8897 Monterey RD
Gilroy, CA 95020,8897 8897 Monterey RD
Gilroy, CA 95020,8897 8897 Monterey RD
Gilroy, CA 95020,8897 8897 Monterey RD
Gilroy, CA 95020,8897 8897 Monterey RD
Gilroy, CA 95020,8897 8897 Monterey RD
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$ 3,499,000
Est. payment | /mo

1.1 Acres Lot


$ 3,499,000
Est. payment | /mo

1.1 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81978308

HOA Y/N No

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 699 - Not Defined

Zoning R4

Interior

Fireplace No

Exterior

Total Parking Spaces 20

Others

Tax ID 79015041

California Regional MLS (CRMLS)
Listed by Mike D'Ambrosio • Intero Real Estate Services

GET MORE INFORMATION

Valerie Condon

Partner | Lic# 680245

+1(562) 400-5340

6621 East Pacific Coast Highway 150, Beach, CA, 90803

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8897 8897 Monterey RD