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    910 Monterey St Hollister, CA 95023

    Sponsored
    For Sale
    $2,288,000

    Historic Downtown Hollister Business Plaza, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 19,850 square foot commercial building, located at 910 Monterey Street in Hollister, California, presents a unique investment opportunity. The property sits on three parcels totaling approximately 0.80 acres (35,000 sq ft) in Hollister's vibrant downtown area. Currently operating as a successful business plaza with 25 rooms/suites, each featuring a full and half bathroom, the building is zoned for commercial/home office and mixed-use development. Its historic architecture is widely recognized, adding significant character and appeal. The City Planning Department has expressed support for a denser development plan, opening exciting possibilities. A detailed concept plan for up to 20 residential condos, including a well-designed parking lot, has been submitted and reviewed by the city. The potential for conversion into residential condos or senior living facilities is strong, offering significant upside. Furthermore, the property could be renovated into affordable apartments. The seller is offering flexible financing options, including the possibility of carrying a loan, and is open to exploring joint development ventures. This is a rare chance to acquire a substantial property in a desirable location with multiple development pathways. The 0.51-acre lot offers ample space for expansion or redevelopment. This property is ideal for investors seeking a high-return opportunity with significant potential for future growth.

    Property Features for 910 Monterey St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1915
    Property Profile Location Intelligence

    Current Use by Public Records

    KMPG Radio Broadcaster Dr. Mary Bains-Fort Marriage Or Relationship Counselor Hollister Community Outreach ... Homeless Service Noelle Sladon Mst: ... Marriage Or Relationship Counselor Old Mission Candle ... Candle Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollister
    County
    San Benito
    State
    California
    Longitude
    -121.4044
    Latitude
    36.84627

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Downtown Hollister Business Plaza, Huge Potential
    Where is this commercial real estate located?
    The property is located at 910 Monterey St Hollister, CA.
    What is the asking price?
    The asking price for this property is $2,288,000.
    (925) 931-0298
    Request Owner's contact information
    910 Monterey St Hollister, CA 95023
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    Hollister, CA 95023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    910 Monterey St Hollister, CA 95023
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