Property listed by South County Realty Mh, Matthew Telfer, 408-779-3146.
$1,867,700
Exceptional opportunity to acquire one of Morgan Hill's premier future potential development properties, offered for sale on the MLS for the first time in generations. This rare +-9.83-acre parcel has been proudly held by the same family for multiple generations and presents a unique investment opportunity directly adjacent to the… Read More Morgan Hill city limits. Although currently located within unincorporated Santa Clara County, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, potentially allowing for a planned density of up to 7 dwelling units/acre in the future upon annexation. Another opportunity is to create an exceptional rural estate, with the potential to construct a custom single-family residence, ADU, and Jr ADU. The property is currently leased to a local farmer, providing agricultural income while preserving its long-term investment potential. Existing improvements include an old farmhouse and three mobile homes. An adjoining +-12.5-acre sister parcel to the east is also available for purchase, offering buyers the flexibility to acquire one or both properties and create a significant future landholding in one of Morgan Hill's most desirable growth corridors. Rarely does an opportunity of this caliber become available. Read Less
Listing Snapshot
Days Online
90
Last Updated
Property Type
MixedUse
Square Ft.
700
Lot Size
9.83 Acres
Year Built
1900
MLS Number
ML82055399
Additional Details
Building
Built in 1900, Living area: 700.0, 4 buildings
Accessibility Features
None
Foundation
Combination
Garage
3 spaces
Income
Gross ScheduledIncome: $6,000
Lot
9.83 acres, Level
Parking
3 carport spaces
Property
Hills
Roof
Elastomeric, Metal
Taxes
Parcel Number: 77903005, Zoning: A-20A
Utilities
NaturalGasAvailable, Water Source: Well
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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