6970 Camino ArroyoGilroy, CA 95020

Property Details for 6970 Camino Arroyo

Lot size

1.93 AC

Property type

Land

Property subtype

Hospitality properties

Description

This exceptional 1.93-acre commercial land parcel presents a remarkable investment opportunity in Gilroy, California. Located at 6970 Camino Arroyo, this site boasts a highly desirable location directly across from a thriving power center anchored by Target and Kohl's. The property shares an intersection with other major retailers including Costco, Walmart, and Lowe's, ensuring high visibility and significant foot traffic. The asking price is $2,522,100, translating to $30 per square foot. A proposed site plan envisions a development including a gas station, a sit-down restaurant, and two four-story hotels, leveraging the area's strong retail presence and high traffic counts. The property's strategic location offers convenient access to major highways, including Highway 101 and Highway 152, enhancing its appeal to both developers and potential tenants. With a total building size of 84,070 square feet envisioned in the proposed plan, this site offers substantial potential for significant returns. This is an unparalleled chance to acquire a prime development site in a high-growth area of Gilroy, within Santa Clara County, zip code 95020. The property's proximity to established retail giants guarantees a strong foundation for a successful and lucrative development project.

Location Insight

City

Gilroy

County

Santa Clara

State

California

Latitude

37.0128

Longitude

-121.56

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