Scheller Ave, Morgan Hill, CA 95037

$1,800,000
List Price
$1,800,000
MLS#
ML81726907
Status
ACTIVE
Zoning
A-40A
Lot Size
435,600
Neighborhood
Morgan Hill / Gilroy / San Martin

Property Description

Land investors, great site for the future. Located just north of Palm Avenue, this property is outside of the "Coyote Valley Green Belt" to the south of Palm avenue. Future higher-density residential development may be possible as part of the Coyote Valley specific development plan. Currently being farmed by the "Grass Farm", and collecting $350.00 per acre in rent annually. Alternatively this site could be used to build a large estate home in central Coyote Valley, just a short drive from San Jose to the north or Morgan Hill to the south. The Seller is also selling an adjacent two other sister-parcels separately that are approximately 19 additional acres in size. They are all being marketed at the same $180,000 per acre asking price. The total acreage of all three parcels if bought together would equal approximately 29.508 acres.

Additional Information

Acres
10
Development Status
Farm Land, Other
Fence
Partial Fencing
Lot Description
Additional Land Available, Agricultural Use, Grade - Level
Lot Size
435,600
Neighborhood
Morgan Hill / Gilroy / San Martin
Other Utilities
Electricity - Available at Street
Parcel Access
County Maintained Road, Paved Road
Present Use
Agricultural
Sewer
Other
Unincorporated Yn
Yes
Zoning
A-40A

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Matthew Telfer from South County Realty Mh

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