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8897 8897 Monterey Road

Gilroy, CA 95020
  • $3,499,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: ML81978308
UPDATED: 23 min ago
$3,499,000
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Listing Agent(s): Mike D'ambrosio of Intero Real Estate Services ((408) 979-5900) and Robert Godar of ()


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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-10T12:31:15.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Hertz Group. Licensed in the State of California, USA.
www.jordonayourrealtor.com/homes/154278944
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8897 8897 Monterey Road Gilroy, CA 95020

  • Price: $3,499,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 23 min ago
  • ID#: ML81978308
0
Beds
0
Baths
0
½ Baths
1.1
Acres
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
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!
Exterior Features

Parking Total 20

Property Features

Association Fee 0 Gross Income 150000 Listing Agreement Exclusive Right To Sell Zoning R4



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-10T12:31:15.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Hertz Group. Licensed in the State of California, USA.
 
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The Hertz Group
31518 Emperor Dr.
Canyon Lake CA, 92587
Listing Agent(s): Mike D'ambrosio of Intero Real Estate Services ((408) 979-5900) and Robert Godar of ()