$3,499,000
( $456.91Per Sq Foot )
$18,783 est/mo Sourced by Back At You8897 8897 Monterey Road , Gilroy, CA 95020
Gilroy, CA 95020
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!
Details
| MLS# | ML81978308 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 16 |
| Listing Provided By | Intero Real Estate Services (408) 979-5900 | Mike D'Ambrosio |
Features
| SQ Feet | 7,658 |
|---|---|
| Zoning | R4 |
| Acreage | 1.10 |
Market Activity 95020
Request a showing
Request a showing
Loading Form
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | Gilroy |
| Zip Code | 95020 |
| Area | 699 Not Defined |
| Listing VS Median (in 95020) | |
Price: $3,499,000 low | high Med: $1,399,000 SqFt: 7,658 low | high Med: 3,058 $ / SqFt: $457 low | high Med: $457 On Site: 16 low | high Med: 65.000000 | |
Listing Updated: September 6, 2024 at 6:17:59 AM PDT