Active
8897 Monterey Road
Gilroy CA, 95020
$3,499,000
$456.91 per sqft
Active
7,658 sqft
Commercial
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!
ML81978308
MLSⓇ ID
August 28, 2024
Listed
December 11, 2024
Updated
Map
8897 Monterey Road
Gilroy CA, 95020
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
1.1 Acres
Roof
Composition Shingles
Sewer
Public Sewer
Other Property Details
Area Name
Gilroy
Garage
No
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
R4
Listed by Mike D'Ambrosio with Intero Real Estate Services
Listing Contact: 408-471-4718
Bay East ©2024 CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 10:47 AM UTC, 12/11/2024.