910 Monterey Street

Description

This historic building, located in the heart of Hollister, is widely recognized for its architectural significance. Spanning an impressive 19,850 sq ft, the building boasts 25 rooms/suites, each equipped with a full bathroom and half bathroom. Situated in Hollister's bustling downtown area, this property is zoned for commercial/home office and mixed-use purposes, currently serving as a thriving business plaza housing multiple offices. This sale comprises three parcels, offering a total lot size of approximately 35,000 sq ft (0.80 acres). The City Planning department is supportive of a denser development plan, making it feasible to convert the property into residential condos or senior living facilities. The proposed community could accommodate up to 20 condos, complemented by an efficiently designed parking lot. A detailed concept plan has been meticulously crafted, submitted, and thoroughly discussed with the City authorities. Additionally, there's potential to renovate the main building into affordable apartments. Moreover, the seller is open to flexible financing options, including carrying a loan, and is also amenable to optional joint development ventures.