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    Hwy 99 Gilroy, CA 95021

    Sponsored
    For Sale
    $450,000

    9.78 Acres, Prime Highway 99 Location

    Property size:
    435,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 9.78-acre commercial lot, situated on Highway 99 in Corning, California (zip code 95021), presents a unique investment opportunity. Currently vacant and zoned CBDZ, this property offers significant potential for a variety of developments, including restaurants, hotels, motels, or apartment complexes. The land boasts existing infrastructure, including an agricultural well, septic system, and electricity, with convenient access to city sewer and water. The property is conveniently located near downtown Corning and within a few miles of Rolling Hills Casino, ensuring high visibility and accessibility. Currently featuring olive trees, these will be removed prior to sale, and the land will be leveled for seamless development. The asking price is $450,000. The property is subject to a ground lease. This is a rare opportunity to acquire a large, well-located parcel in a growing area with excellent development potential. The total square footage is 435,600. The property is currently vacant.

    Property Features for 0 Hwy 99

    General Information

    Property type
    Specialty properties
    Square Feet
    435,600 SF

    HighLights

    • 9.78‑acre commercial lot in Corning, CA (95021), zoned CBDZ.
    • High visibility location on Highway 99, near downtown Corning and Rolling Hills Casino.
    • Existing infrastructure: agricultural well, septic system, electricity; city sewer and water readily accessible.
    • Vacant land, leveled and cleared of olive trees prior to sale; 435,600 square feet.
    • $450,000 asking price; subject to a ground lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gilroy
    County
    Tehama
    State
    California
    Longitude
    -121.57
    Latitude
    37.01

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    FAQs

    What type of property is this?
    Specialty property - 9.78 Acres, Prime Highway 99 Location
    Where is this specialty property located?
    The property is located at Hwy 99 Gilroy, CA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 9.78-acre commercial lot in Corning, CA (95021), zoned CBDZ.; High visibility location on Highway 99, near downtown Corning and Rolling Hills Casino.; Existing infrastructure: agricultural well, septic system, electricity; city sewer and water readily accessible.
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    Hwy 99 Gilroy, CA 95021
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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
    Hwy 99 Gilroy, CA 95021
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