18060 Monterey Rd, Morgan Hill, CA 95037

$3,250,000

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List Price
$3,250,000
MLS#
82032799
Property Type
Land
Lot Size
38,400
Region
Morgan Hill/Gilroy/S
Status
ACTIVE
County
Santa Clara
Acres
0.88

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.

Additional Information

Fencing
Other
Lot Size
38,400
Region
Morgan Hill/Gilroy/S
Utilities
Public Utilities
Zoning
A

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Calculator source: Real Geeks

Listing courtesy of Intero Real Estate Services.

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