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1400 1st st 11.26 Acres of Residential Land Offered at $25,500,000 in Gilroy, CA 95020
Executive Summary
Prime opportunity to acquire a fully entitled and shovel-ready residential development project at 1400 1st Street in Gilroy, California. Situated on approximately 11.26 acres, this recorded final map project is approved for the development of 202 townhomes in one of Silicon Valley’s fastest-growing residential corridors.
The project includes City-approved building plans and advanced entitlements, significantly reducing development timeline and entitlement risk for the next developer or investment group. The development is designed in multiple phases and features thoughtfully planned townhome product types with modern community amenities.
Located at the corner of First Street and Santa Teresa Boulevard, the property offers convenient access to Highway 101, downtown Gilroy, schools, retail centers, parks, and commuter routes connecting to Silicon Valley and the greater Bay Area.
Investment Highlights
Recorded Final Map for 202 townhomes
Approximately 11.26-acre development site
Building plans approved by the City of Gilroy
Shovel-ready project with advanced entitlements
Attractive phased development opportunity
Excellent location with strong housing demand
Easy access to Highway 101 and Caltrain connectivity
Planned amenities include open space, clubhouse, pool, and tot lot
Multiple modern floor plans with attached garages
Significant time and entitlement savings for developer
Seller Terms
Seller is seeking a qualified Buyer to acquire the project and reimburse Seller for previously paid City fees and PG&E fees through closing.
This is a rare opportunity for builders, developers, and investment groups to step into a near-ready residential community project with substantial upfront work already completed.
Please call agent for details.
Property Facts
| Price | $25,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 11.26 AC |
| Zoning | R4 - High Density Residential District | ||
| Price | $25,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 11.26 AC |
| Zoning | R4 - High Density Residential District |
1 Lot Available
Lot
| Price | $25,500,000 | Lot Size | 11.26 AC |
| Price Per AC | $2,264,653.64 |
| Price | $25,500,000 |
| Price Per AC | $2,264,653.64 |
| Lot Size | 11.26 AC |
The project site consists of approximately 11.26 acres of generally level land. The property features excellent street frontage and accessibility, making it well-suited for a large-scale residential townhouse community.
Description
Shovel-Ready 202-Unit Townhome Development Opportunity – Gilroy, CA Prime opportunity to acquire a fully entitled and shovel-ready residential development project at 1400 1st Street in Gilroy, California. Situated on approximately 11.26 acres, this recorded final map project is approved for the development of 202 townhomes in one of Silicon Valley’s fastest-growing residential corridors. The project includes City-approved building plans and advanced entitlements, significantly reducing development timeline and entitlement risk for the next developer or investment group. The development is designed in multiple phases and features thoughtfully planned townhome product types with modern community amenities. Located at the corner of First Street and Santa Teresa Boulevard, the property offers convenient access to Highway 101, downtown Gilroy, schools, retail centers, parks, and commuter routes connecting to Silicon Valley and the greater Bay Area. Investment Highlights Recorded Final Map for 202 townhomes Approximately 11.26-acre development site Building plans approved by the City of Gilroy Shovel-ready project with advanced entitlements Attractive phased development opportunity Excellent location with strong housing demand Easy access to Highway 101 and Caltrain connectivity Planned amenities include open space, clubhouse, pool, and tot lot Multiple modern floor plans with attached garages Significant time and entitlement savings for developer Please call agent for details.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $16,646,397 | Total Assessment | $16,646,397 |
Property Taxes
Presented by
ABC Commercial Realty
1400 1st st
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