8
See all 8 photos
$3,499,000
Est. payment /mo
1.1 Acres Lot
Active
8897 8897 Monterey RD Gilroy, CA 95020
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UPDATED:
12/10/2024 05:38 PM
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
Listed by Mike D'Ambrosio • Intero Real Estate Services