6970 Camino ArroyoGilroy, CA 95020

Property Details for 6970 Camino Arroyo

Lot size

1.37 AC

Property size (Sq ft)

59,677 SF

Property type

Retail properties

Property subtype

Land

Description

This exceptional 1.37-acre commercial property in Gilroy, California, presents a lucrative investment opportunity. Located at 6970 Camino Arroyo, this 59,677 square foot site boasts a prime location directly across from a major power center anchored by Target and Kohl's. The property shares an intersection with other significant retailers including Costco, Walmart, and Lowe's, ensuring high visibility and substantial foot traffic. The asking price is $2,088,702, translating to a land value of $35 per square foot. A proposed site plan envisions a gas station, a sit-down restaurant, and two four-story hotels, showcasing the property's significant development potential. Convenient highway access via Highways 101 and 152 further enhances its appeal. This property is zoned for commercial use and offers a rare chance to acquire a substantial parcel in a thriving retail corridor. The existing gas station structure provides immediate income potential, while the expansive land area allows for future expansion or redevelopment. This is an ideal investment for developers and entrepreneurs seeking a high-return opportunity in a rapidly growing market. The property is situated in Santa Clara County, California, with a zip code of 95020.

Location Insight

City

Gilroy

County

Santa Clara

State

California

Latitude

37.0016

Longitude

-121.549

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