6970 Camino ArroyoGilroy, CA 95020

This exceptional 0.75-acre commercial land parcel, located at 6970 Camino Arroyo in Gilroy, California (zip code 95020), presents a unique investment opportunity. Boasting a total area of 32,670 square feet, the property is situated in Gilroy's thriving power center, an area characterized by high visibility and significant foot traffic. Neighboring businesses include major retailers such as Target, Kohl's, Super Walmart, Costco, and Lowe's, ensuring consistent consumer activity and strong potential for future development. The land is currently part of a larger development that encompasses two hotels, a gas station, and a sit-down restaurant. The sale is subject to a parcel split and approved subdivision. The asking price is $1,143,450, translating to a land value of $35 per square foot. Detailed demographic information from 2019 is available upon request. The property's strategic location at the intersection of Camino Arroyo and Highway 152 guarantees excellent accessibility and exposure. This is a remarkable chance to acquire a prime piece of commercial real estate in a high-growth area. Note that the sale is pending as of September 13, 2023.