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$3,499,000

Est. payment - /mo

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7,658 SqFt

Active

8897 8897 Monterey RD Gilroy, CA 95020

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:30 PM

Key Details

Property Type Commercial

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

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 699 - Not Defined

Zoning R4

Interior

Fireplace No

Exterior

Total Parking Spaces 20

Others

Tax ID 79015041

Listed by Mike D'Ambrosio • Intero Real Estate Services

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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