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$ 1,575,000

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55 5th ST Gilroy, CA 95020

5,040 SqFt

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Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 5,040 sqft

Price per Sqft $312

Lot Size 3,049 Sqft

MLS Listing ID ML82039126

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

Area Morgan Hill / Gilroy / San Martin

Zoning C1

Interior

Heating Other

Cooling Other

Flooring Hardwood, Laminate, Vinyl / Linoleum, Other

1-purchase type For Sale

Exterior

Garage On Street, Parking Area, Other

Garage Spaces 1

Utilities Available Public Utilities

Roof Type Flat / Low Pitch,Other

Present Use Business/Professional,Commercial,Food Service,Mixed,Office,Retail,Tavern/Bar

Building

Story 2

Foundation Other

Sewer Sewer - Public

Water Public

Story 2

Others

Restrictions None

Tax ID 799-50-007

Miscellaneous Floor Drain,Skylight,Wet Bar

Security Features Other

Special Sale Not Applicable

Listed by Christian Renz of Renz & Renz
Bought with Christian Renz of Renz & Renz

Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

55 5th ST Gilroy, CA 95020

Key Details

Location

Interior

Exterior

Building

Others

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55 5th ST