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    OFF-MARKET
    Land

    0 Buena Vis And Hwy 101 Hwy, Gilroy, CA 95020

    10 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 10-acre commercial land parcel in Gilroy, California, presents a significant development opportunity. Located near Highway 101, the property boasts a prime location within the city's Urban Service Boundary, allowing for immediate development. The parcel is zoned AG, offering flexibility for various commercial uses. Its proximity to the proposed High-Speed Rail station (approximately 10 minutes away) and its position within an area designated as an Employment Center in the Gilroy 2040 General Plan further enhance its investment potential. The Employment Center designation supports businesses and a wide range of employment types, including office development, light industrial, research and development, medical, and high-tech uses. The property's location along Buena Vista and Highway 101 provides excellent visibility and accessibility. The 10-acre lot offers a maximum Floor Area Ratio (FAR) of 3.0, providing substantial development potential. The asking price is $1,900,000, with a price per acre of $245,000. The property's APN is 835-06-013. This is a rare opportunity to acquire a large, developable parcel in a rapidly growing area, poised to benefit from significant infrastructure improvements and planned development. The property is approximately 1.5 miles from Gilroy's downtown core. While the surrounding area currently has an agricultural character, this is considered an interim use, and the property's location within the Urban Service Boundary ensures future development potential.

    Property profile
    Verified
    Property type Land
    Lot 10 ac (435,600 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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