99 Hwy Gilroy, CA 95021
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.