18060 Monterey RD, Morgan Hill, CA 95037

$3,250,000

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Listed by Mike D'Ambrosio, 408-471-4718 from Intero Real Estate Services
(If provided) CoList: from

List Price
$3,250,000
MLS#
ML82031201
Status
ACTIVE
Zoning
A
Lot Size
38,400
Neighborhood
Morgan Hill / Gilroy / San Martin

Property Description

Exceptional development opportunity on Monterey Road in Morgan Hill! This level 0.88-acre parcel offers approximately 38,400 square feet of land with 120 feet of frontage along the Monterey Corridor. Zoned FB-C (Corridor Form-Based), the property allows for a variety of potential residential and mixed-use opportunities, including townhomes, multifamily housing, live/work units, and mixed-use development, subject to verification of applicable zoning requirements and City approvals. The site currently features a 2,128-square-foot single-family residence built in 1969, with 3 bedrooms, 2.5 bathrooms, a 624-square-foot garage, pool, and spa. Public water and sewer serve the existing home. Ideally situated approximately 0.6 mile from downtown Morgan Hill, 0.8 mile from the Caltrain station, and convenient to US-101, shopping, dining, and other local amenities. Conceptual site studies illustrate multiple development possibilities; all proposed uses, density, unit counts, access, and building plans require independent verification and applicable approvals from the City of Morgan Hill. A rare opportunity for developers and investors seeking a strategically located property in a growing South Bay community.

Additional Information

Acres
0.88
Development Status
Other - Call Listing Agent
Fence
Fenced Back
Lot Description
Grade - Level
Lot Size
38,400
Neighborhood
Morgan Hill / Gilroy / San Martin
Other Utilities
Public Utilities
Parcel Access
Paved Road
Present Use
Residential
Sewer
Sewer - Public
Unincorporated Yn
Yes
Zoning
A

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