Property summary
This exceptional Gilroy retail property, located at 7790 Eigleberry Street, presents a unique investment opportunity. The property encompasses a 2,618 square foot building situated on a 0.179-acre lot, zoned DED (Downtown Expansion District). Built in 1920, the property features two units, offering flexibility for various uses. The asking price is $1,050,000, translating to $401.07 per square foot. The property includes approximately 1,600 square feet of office space, complemented by a basement area and a separate 900 square foot residential unit with two bedrooms and one bathroom. Each building boasts independent utility metering. The property's central location in Gilroy's Downtown Expansion District presents significant potential for live/work arrangements or owner-occupancy. All current tenants are on month-to-month leases, providing immediate flexibility for the new owner. This prime location in Santa Clara County, California (zip code 95020), offers exceptional visibility and accessibility. The property's versatility and prime location make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving downtown area. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Consultant
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Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
C1 NEIGHBORHOOD COMMERCIAL DISTRICT § 30.13.10 Statement of intent. § 30.13.20 Permitted uses and conditional uses. § 30.13.30 Site and building requirements. § 30.13.10 Statement of intent. The intent of the C1 neighbor…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C1 · Gilroy, CAC1 NEIGHBORHOOD COMMERCIAL DISTRICT § 30.13.10 Statement of intent. § 30.13.20 Permitted uses and conditional uses. § 30.13.30 Site and building requirements. § 30.13.10 Statement of intent. The intent of the C1 neighbor…
Zoning
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Zoning designation
Official district profile
C1 NEIGHBORHOOD COMMERCIAL DISTRICT § 30.13.10 Statement of intent. § 30.13.20 Permitted uses and conditional uses. § 30.13.30 Site and building requirements. § 30.13.10 Statement of intent. The intent of the C1 neighbor…
What can be built and operated here — officially.
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