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.
Listing courtesy of Matthew Telfer from South County Realty Mh
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