8897 Monterey RD Active Save Request In-Person Tour Request Virtual Tour
Gilroy,CA 95020
Key Details
Property Type Commercial
Sub Type Business for Sale
Listing Status Active
Purchase Type For Sale
Square Footage 7,658 sqft
Price per Sqft $456
MLS Listing ID ML81978308
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 Morgan Hill / Gilroy / San Martin
Zoning R4
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Exterior
Parking Features Common Parking Area,Parking Area
Utilities Available Public Utilities
Roof Type Composition
Building
Sewer Sewer - Public
Water Public
Others
Security Features None
Special Listing Condition Not Applicable