8897 Monterey RD, GILROY CA, 95020

Active

8897 Monterey RD

GILROY CA, 95020

$3,499,000

$456.91 per sqft

Active

7,658 sqft

Commercial

Listed by Intero Real Estate Services, Mike D'Ambrosio, Robert Godar Listing Contact: 4086300101

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!

ML81978308

MLSⓇ ID

August 28, 2024

Listed

October 1, 2024

Updated

Map

8897 Monterey RD
GILROY CA, 95020

Interior Features

Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: No

Exterior/Building Features

Lot Size: 1.1 Acres
Roof: Composition
Sewer: Public Sewer

Other Property Details

Area Name: Morgan Hill / Gilroy / San Martin
Garage: No
Parking Total: 20
View: No
County: Santa Clara
Water Source: Public
Pool: No
Zoning: R4

Listed by Intero Real Estate Services, Mike D'Ambrosio, Robert Godar
Listing Contact: 4086300101

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Data last updated 7:18 PM UTC, 10/1/2024