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About the Listing ML38669 - ML477967
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.
Listing Highlights
Status
Active With Contingency
Days on Site
77
Property Type
Commercial Sale
MLS ®
ML82039126
Year Built
1920
Total Square Footage
5,040
Lot/Acreage
0.07
County
Santa Clara
Area
699 - Not Defined
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 1
- Zoning: C1
- Roof: Flat,Other
- Others:
- Sewer:
Financial Details
- Tax Amount: $1
- Taxes w/Assessments: N/A
- Tax/Property ID: 79950007
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
55 5th St Gilroy, CA 95020
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