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Gilroy, CA 95020
  • $3,499,000
  • STATUS: Active
  • ON SITE: 65 Days
  • ID#: ML81978308
UPDATED: 72 min ago
$3,499,000
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,658
    SQFT
  • $457
    $/SQFT
Type:
Business Opportunity
County:

School Ratings & Info

Listing provided courtesy of Mike D'ambrosio of Intero Real Estate Services: 408-630-0101.

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!

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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-11-02T18:52:59.283. Data is updated hourly. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts.

Licensed in the State of California.
Website powered by BoomTown.
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Gilroy, CA 95020

  • Price: $3,499,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 72 min ago
  • ID#: ML81978308
0
Beds
0
Baths
0
½ Baths
1.1
Acres
7,658
SQFT
$457
$/SQFT
County:
Santa Clara
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!
Exterior Features

Garage Parking Common Parking AreaParking Area Parking Spaces 20 Roof Composition

Interior Features

Cooling Window / Wall Unit Heating Wall Furnace

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Name GILROY Facilities Other Security Features None Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Public Utilities Water Public Zoning R4

Listing provided courtesy of Mike D'ambrosio of Intero Real Estate Services: 408-630-0101.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-11-02T18:52:59.283. Data is updated hourly. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts.

Licensed in the State of California.
Website powered by BoomTown.
 
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Real Estate Experts
910 E. Hamilton Ave, Ste. 130
Campbell CA, 95008

Listing provided courtesy of Mike D'ambrosio of Intero Real Estate Services: 408-630-0101.