8897 Monterey Road, GILROY, CA 95020 (MLS # ML81978308)

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PRICE $3,499,000 dsIDX morgage calculator
SIZE 7,658 sqft
LOT SIZE 1.10 ac
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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!

LAST UPDATED 8/28/2024 YEAR BUILT 0
COUNTY Santa Clara STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
LOT 1.1 acre(s)
LOT DIMENSIONS 47916.00
SEWER Public Sewer
WATER Public
ZONING R4
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed by Mike D'Ambrosio | 408-471-4718, Intero Real Estate Services

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 12/21/24 5:22 AM PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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