Listed by Christian Renz • Renz & Renz, DRE#01911413
Bought with Un Represented • Un-Represented Buyer

$1,380,000

$1,575,000 12.4%

Est. payment - /mo

5,040 SqFt

UPDATED:

Key Details

Sold Price $1,380,000

Property Type Commercial

Sub Type Commercial Property

Listing Status Sold

Purchase Type For Sale

Square Footage 5,040 sqft

Price per Sqft $273

MLS Listing ID ML82039126

Sold Date 07/23/26

Year Built 1920

Lot Size 3,049 Sqft

Property Sub-Type Commercial Property

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

Exterior

Parking Features On Street, Parking Area, Other

Garage Spaces 1.0

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

Level or Stories 2

Others

Restrictions None

Tax ID 799-50-007

Security Features Other

Special Listing Condition Not Applicable

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55 5th ST Gilroy, CA 95020