About 8897 Monterey Rd
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!
Features of 8897 Monterey Rd
| MLS® # | ML81978308 |
|---|---|
| Price | $3,499,000 |
| Square Footage | 7,658 |
| Acres | 1.10 |
| Type | Business |
| Sub-Type | Business for Sale |
| Status | Active |
Community Information
| Address | 8897 Monterey Rd |
|---|---|
| Area | Morgan Hill / Gilroy / San Martin |
| City | GILROY |
| County | Santa Clara |
| State | CA |
| Zip Code | 95020 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Parking Spaces | 20 |
| Is Waterfront | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Room Air Conditioner(s) |
| Fireplace | No |
Exterior
| Roof | Composition Roof |
|---|
Additional Information
| Zoning | R4 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Mike D'ambrosio |
|---|---|
| Office | Intero Real Estate Services |
| Contact Info | 408-471-4718 |