Manning Realty
Michael Manning, Manning RealtyPhone: (408) 218-1628
Email: mlmanning@gmail.com
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listing
1 of 8
Business OpportunityFor Sale
$3,499,000
8897 8897 Monterey Road
Gilroy, CA 95020
Listed by Mike D'Ambrosio DRE#01841982 mdambrosio@interorealestate.com Intero Real Estate Services
MLS: California Regional MLS (CRMLS)
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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