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Listed by Intero Real Estate Services
$ 3,250,000
Est. payment | /mo
38,400 SqFt
$ 3,250,000
Est. payment | /mo
38,400 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 38,400 sqft
Price per Sqft $84
MLS Listing ID ML82031201
HOA Y/N No
Lot Size 0.882 Acres
Property Sub-Type Unimproved Land
Source Datashare MLSListings
Property Description
Exceptional development opportunity on Monterey Road in Morgan Hill! This level 0.88-acre parcel offers approximately 38,400 square feet of land with 120 feet of frontage along the Monterey Corridor. Zoned FB-C (Corridor Form-Based), the property allows for a variety of potential residential and mixed-use opportunities, including townhomes, multifamily housing, live/work units, and mixed-use development, subject to verification of applicable zoning requirements and City approvals. The site currently features a 2,128-square-foot single-family residence built in 1969, with 3 bedrooms, 2.5 bathrooms, a 624-square-foot garage, pool, and spa. Public water and sewer serve the existing home. Ideally situated approximately 0.6 mile from downtown Morgan Hill, 0.8 mile from the Caltrain station, and convenient to US-101, shopping, dining, and other local amenities. Conceptual site studies illustrate multiple development possibilities; all proposed uses, density, unit counts, access, and building plans require independent verification and applicable approvals from the City of Morgan Hill. A rare opportunity for developers and investors seeking a strategically located property in a growing South Bay community.
Location
State CA
County Santa Clara
Interior
Fireplace No
Building
Lot Description Level
Water Public
Schools
School District Morgan Hill Unified, Morgan Hill Unified