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Property profile & analytics
OFF-MARKET
Specialty properties

99 Hwy Gilroy, CA 95021

435,600 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Total area 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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