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8897 Monterey Road

Gilroy, CA 95020
  • $3,499,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: ML81978308
UPDATED: 178 min ago
$3,499,000
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,658
    SQFT
  • $457
    $/SQFT
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

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!

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Contra Costa Association of Realtors logo Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-10-13T23:36:47.037.

www.swansonrealestate.com/homes/154281447
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8897 Monterey Road Gilroy, CA 95020

  • Price: $3,499,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 178 min ago
  • ID#: ML81978308
0
Beds
0
Baths
0
½ Baths
1.1
Acres
7,658
SQFT
$457
$/SQFT
Neighborhood:
Listing
County:
Santa Clara
Area:
Listing
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!
Exterior Features

Lot Size Area 1.1 Parking Spaces Total 20 Roof Shingle

Interior Features

Building Area Total 7658 Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Electric On Property YN No For Sale Or Rent For Sale Present Use 504639 Property Sub Type Comm Bus Opp Zoning R4

Contra Costa Association of Realtors logo Listing courtesy of Mike D'ambrosio of Intero Real Estate Services: .


Contra Costa Association of Realtors logo Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-10-13T23:36:47.037.

 
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Swanson Real Estate Team | Keller Williams Tri-Valley Realty
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Livermore CA, 94550