8897 Monterey Road
Gilroy, CA 95020
1.10 acres | #ML81978308
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!
Property Details
- Property SubtypeBusinessOpportunity
- CountySanta Clara
- Original List Price$3,499,000
- MLS #ML81978308
- MLS #ML81978308
- Property TypePurchase
- Cost3499000
- Acres1.1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mike D'Ambrosio (#ML5098232)
Listing Office: Intero Real Estate Services (#ML36117)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
