Active
8897 Monterey RD
GILROY CA, 95020
$3,499,000
$456.91 per sqft
Active
7,658 sqft
Commercial
Listed by Intero Real Estate Services, Mike D'Ambrosio, Robert Godar Listing Contact: 4086300101
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
October 23, 2024
Updated
Map
8897 Monterey RD
GILROY CA, 95020
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
1.1 Acres
Roof
Composition
Sewer
Public Sewer
Other Property Details
Area Name
Morgan Hill / Gilroy / San Martin
Garage
No
Parking Total
20
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
R4
Listed by Intero Real Estate Services, Mike D'Ambrosio, Robert Godar
Listing Contact: 4086300101
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Data last updated 5:56 PM UTC, 10/23/2024