910 Monterey St, Hollister, CA 95023

This exceptional 19,850 square foot commercial building, located at 910 Monterey Street in Hollister, California, presents a unique investment opportunity. The property sits on three parcels totaling approximately 0.80 acres (35,000 sq ft) in Hollister's vibrant downtown area. Currently operating as a successful business plaza with 25 rooms/suites, each featuring a full and half bathroom, the building is zoned for commercial/home office and mixed-use development. Its historic architecture is widely recognized, adding significant character and appeal. The City Planning Department has expressed support for a denser development plan, opening exciting possibilities. A detailed concept plan for up to 20 residential condos, including a well-designed parking lot, has been submitted and reviewed by the city. The potential for conversion into residential condos or senior living facilities is strong, offering significant upside. Furthermore, the property could be renovated into affordable apartments. The seller is offering flexible financing options, including the possibility of carrying a loan, and is open to exploring joint development ventures. This is a rare chance to acquire a substantial property in a desirable location with multiple development pathways. The 0.51-acre lot offers ample space for expansion or redevelopment. This property is ideal for investors seeking a high-return opportunity with significant potential for future growth.