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$ 1,575,000
Est. payment /mo
Pending
55 5th Street Gilroy, CA 95020
5,040 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $312
MLS Listing ID ML82039126
HOA Y/N No
Year Built 1920
Lot Size 3,049 Sqft
Property Sub-Type Comm Ind For Sale
Property Description
SELLER FINANCING POSSIBLE - Attractive Terms Discover a truly unique investment opportunity at 55 5th Street in Downtown Gilroy. This historic brick building, once home to the city's fire station, has been adapted into a vibrant restaurant space for decades yet remains ripe for an inspired new vision. Inside, the property is teeming with character and functionality. A full commercial kitchen, two bars, two walk-in refrigeration units, three restrooms, and multiple dining areas accommodate a roster of culinary concepts. Patrons can savor meals or drinks al fresco, thanks to first and second-floor outdoor seating that brings a lively energy to the historic downtown streetscape. Investors will appreciate the balance of historic charm and practical upgrades, including a new warranted TPO roof installed in February 2025, ensuring weather resilience, while prior structural reinforcements add long-term peace of mind. With ample nearby parking, and placement well below appraised value, this property offers a significant upside for those ready to breathe new life into a beloved local landmark. Positioned 25 miles south of San Jose with excellent freeway access and under consideration as a future high-speed rail stop between San Francisco and Los Angeles.
Location
State CA
County Santa Clara
Zoning C1
Interior
Flooring Hardwood, Other
Fireplace No
Exterior
Handicap Access Customized Wheelchair Accessible
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 79950007
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Listed by Christian Renz • Renz & Renz