55 5th St - Restaurant FOR SALE


Gilroy, CA 95020
$1,575,000 USD
408-665-9391
55 5th St, Gilroy, CA for Sale
$1,575,000 USD
Restaurant - FOR SALE
1/14
null | Request Cap Rate

55 5th St
Gilroy, CA 95020


HIGHLIGHTS

  • Rare Offering
  • Full Commercial Kitchen
  • SELLER FINANCING POSSIBLE
  • New Roof 2025
  • 2022 Appraised at $2,369,000
  • Discounted based on condition

OVERVIEW

Investment Summary: SELLER FINANCING POSSIBLE 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, Gilroy is a thriving community of over 58,000 residents with a median age of 36, a median household income of $131,554, and a median property value of $975,800. Renowned for its Garlic Festival, Gilroy Premium Outlets, Gilroy Gardens Family Theme Park, and access to more than 20 wineries and tasting rooms along the Santa Clara Valley Wine Trail, Gilroy continues to grow and attract new opportunities. Seize this chance to invest in Downtown Gilroy’s renaissance and craft an unforgettable destination at 55 5th Street.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C1

APN/PARCEL ID

799-50-007

ASK ABOUT THIS PROPERTY

Christian RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-665-9391

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Christian RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-665-9391

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.