Gilroy, CA 95020,8897 Monterey Road
Gilroy, CA 95020,8897 Monterey Road
Gilroy, CA 95020,8897 Monterey Road
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$3,499,000
Est. payment /mo
7,658 SqFt

UPDATED:

12/11/2024 08:30 AM

Key Details

Property Type Commercial

Sub Type Comm Bus Opp

Listing Status Active

Purchase Type For Sale

Square Footage 7,658 sqft

Price per Sqft $456

MLS Listing ID ML81978308

HOA Y/N No

Lot Size 1.100 Acres

Acres 1.1

Property Sub-Type Comm Bus Opp

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 Listing

Zoning R4

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

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Bridge MLS
Listed by Mike D'Ambrosio • Intero Real Estate Services

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agent

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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8897 Monterey Road