55 5th St Local commercial 468 m² À vendre Gilroy, CA 95020 1 359 020 € (2 902,45 €/m²)

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.