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Listed by Renz & Renz
$ 1,575,000
Est. payment | /mo
5,040 SqFt
$ 1,575,000
Est. payment | /mo
5,040 SqFt
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
Source Datashare MLSListings
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
Interior
Flooring Hardwood, Other
Fireplace No
Exterior
Handicap Access Customized Wheelchair Accessible
Building
Water Public