55 5th St
Gilroy, CA 95020
Property For Lease

Also offered for sale at $1,645,000 with seller financing options! 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, was adapted and used as 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 below appraised value due to its condition, 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, 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. The city is being considered for a future high-speed rail stop between San Francisco and Los Angeles. 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.