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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Matthew Telfer • South County Realty Mh, DRE#01363041

$1,867,700

Est. payment - /mo

700 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 700 sqft

Price per Sqft $2,668

MLS Listing ID ML82055399

Year Built 1900

Lot Size 9.830 Acres

Property Sub-Type Multiple Dwellings / Structures

Property Description

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 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.

Location

State CA

County Santa Clara

Area Morgan Hill / Gilroy / San Martin

Zoning A-20A

Interior

Heating Other

Cooling Other

Exterior

Parking Features Parking Area

Garage Spaces 3.0

Utilities Available Natural Gas, Propane On Site, Public Utilities, Other

View Hills

Roof Type Elastomeric,Metal,Other

Building

Lot Description Grade - Level

Foundation Combination

Sewer Existing Septic

Water Well

Others

Tax ID 779-03-005

Security Features None

Horse Property Possible

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971

15195 Olive AVE Morgan Hill, CA 95037

Matt Cossell

Key Details

Location

Interior

Exterior

Building

Others