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… Read More 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. Read Less
Courtesy of Renz & Renz, Christian Renz 408-846-1031
Listing Snapshot
Days Online
135
Last Updated
Property Type
Commercial Property
Square Ft.
5,040
Lot Size
0.07 Acres
Year Built
1920
MLS Number
ML82039126
30 Days Snapshot Of 95020
$1.10M
-13%
(avg) sold price
31
-8%
homes sold
45
+87%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 3049.00, Max Area Units: Square Feet, 1 yard square feet, Lot is 0.069995408631772 acres
Accessibility Features
Bathroom Features, Grab Bars, Wheelchair Access, Wide Halls / Doors (3 Ft +), Other
Amenities
Floor Drain, Skylight, Wet Bar
Building
5,040 structure square feet, 5,040 net leasable square feet, 1 office square feet, 1 warehouse square feet, Built in 1920, Age: 106
Cooling
Other
Floors
Hardwood, Laminate, Vinyl / Linoleum, Other
Foundation
Other
Garage
On Street, Parking Area, Other
Water Features
Public
Heating
Other
Interior Features
Minimum ceiling height: 9
Tenant Pays
Other
Miscellaneous
Total expenses: 8
Parking
1 parking space
Property
Zoning: C1
Roof
Flat / Low Pitch, Other
Security Features
Other
Taxes
Annual tax amount: $1
Utilities
Public Utilities, Master Electric, Master Gas, Master Water
Sewer
Sewer - Public
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