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$ 2,288,000
Est. payment | /mo
0.51 Acres Lot
$ 2,288,000
Est. payment | /mo
0.51 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41043114
HOA Y/N No
Year Built 1915
Annual Tax Amount $20,000
Lot Size 0.510 Acres
Property Description
This historic building, located in the heart of Hollister, is widely recognized for its architectural significance. Spanning an impressive 19,850 sq ft, the building boasts 25 rooms/suites, each equipped with a full bathroom and half bathroom. Situated in Hollister's bustling downtown area, this property is zoned for commercial/home office and mixed-use purposes, currently serving as a thriving business plaza housing multiple offices. This sale comprises three parcels, offering a total lot size of approximately 35,000 sq ft (0.80 acres). The City Planning department is supportive of a denser development plan, making it feasible to convert the property into residential condos or senior living facilities. The proposed community could accommodate up to 20 condos, complemented by an efficiently designed parking lot. A detailed concept plan has been meticulously crafted, submitted, and thoroughly discussed with the City authorities. Additionally, there's potential to renovate the main building into affordable apartments. Moreover, the seller is open to flexible financing options, including carrying a loan, and is also amenable to optional joint development ventures.
Location
State CA
County San Benito
Zoning Home
Interior
Heating Natural Gas
Cooling See Remarks
Fireplace No
Exterior
Utilities Available Natural Gas Available, Water Available
Roof Type Tile
Total Parking Spaces 20
Others
Tax ID 055050026000
Listed by Mario Mapoy • Bay Home Investments&Loans
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "