Gilroy, CA 95020,8897 Monterey Road
Gilroy, CA 95020,8897 Monterey Road
Gilroy, CA 95020,8897 Monterey Road
Gilroy, CA 95020,8897 Monterey Road
Gilroy, CA 95020,8897 Monterey Road
Gilroy, CA 95020,8897 Monterey Road
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Listed by Mike D'Ambrosio • Intero Real Estate Services
$ 3,499,000
Est. payment | /mo

7,658 SqFt


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

7,658 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 7,658 sqft

Price per Sqft $456

MLS Listing ID ML81978308

HOA Y/N No

Originating Board Datashare MLSListings

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

Interior

Heating Wall Furnace

Fireplace No

Building

Water Public

Bay East AOR and Contra Costa AOR
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(925) 291-9599

info@themvprealestate.com

2001 Clayton Rd, Concord, CA, 94520, USA

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8897 Monterey Road