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 

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