0 Buena Vis And Hwy 101 HwyGilroy, CA 95020

Property Details for 0 Buena Vis And Hwy 101 Hwy

Lot size

10.00 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Gilroy

County

Santa Clara

State

California

Latitude

37.0431

Longitude

-121.58

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