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listing
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Business OpportunityFor Sale
$3,499,000
8897 Monterey Rd
Gilroy, CA 95020
Listed by: Robert Godar from Intero Real Estate Services, 408-630-0101
MLS: MLSListings Inc.
Est. Mortgage
$18,161/mo

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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Based on information from the MLSListings MLS as of 11/18/2024 05:16 PM. 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.
Information courtesy of Intero Real Estate Services is subject to verification and is not guaranteed.
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