8897 8897 Monterey Road

Gilroy, CA 95020

$3,499,000

List Price

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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!

Listing Information

List Price $3,499,000
Status Active
MLS ML81978308
HOA $0
Type Business
Lot Size 47,916
Structure Size N/A
Courtesy Of Intero Real Estate Services
Listing Agent Mike D'Ambrosio DRE#01841982
Co-Listing Agent Robert Godar DRE#01356357

Interior Features

Total Bedroom
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Exterior Information

Maps

Listing information courtesy of: Mike D'Ambrosio, Robert Godar, Intero Real Estate Services . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:30 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.