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$899,000 -$100,950 (-10.1%) Price Reduced
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Property Description
383 1st Street is a mixed-use retail property located in Gilroy, California, close to downtown. This two-story building features classic early 20th-century commercial architecture and sits within a highly walkable retail district with a Walk Score of 88/100. Historically home to neighborhood businesses, including restaurants and local services, the property is zoned for commercial use and offers strong potential for retail, restaurant, or mixed-use investment in a vibrant community setting near the downtown core. Property Highlights: Prime corner location at 1st St and Hanna St Former ground floor restaurant with full bar, outdoor patio seating, and interior atrium seating Former second floor office space with kitchenette and private offices Two restrooms (one on each level) Lot size approximately 15,000 sq ft (buyers to verify) Approximately 21+/- parking spaces Strong visibility in an established commercial district Less than 20 minutes from the San Jose Bay Area This property presents a rare opportunity to create a fully customized space in one of Gilroys most active commercial areas, with strong long-term potential driven by its location, visibility, and flexibility.
Full Property Details
Full Property Details for 383 1st St
General
- Price: $899,000
- Status: Active
- Type: Office
- Source: RE_Infolink
- MLS ID: ML82040906
- Updated: 8/3/2026
- Added to Site: 125 day(s) ago
Business
- Business Type: Office Building, Restaurant, Retail
Rental Information
- Complex Features: Kitchen, Office, Other
Additional Information
- Extras: Not Applicable
- Security/Safety: Other
Parking
- Parking Features: Common Parking Area
Location
- Area: Morgan Hill / Gilroy / San Martin
- County: Santa Clara
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public Utilities
- Metering: Master Electric, Master Gas, Master Water
Structural Information
- Foundation: Crawlspace
- Roof: Other
- Disability Access: Parking
- Square Feet: 6,036
- Office: 2,700 Sq. Ft.
- Year Built: 1935
Lot Features
- Minimum Lot Size: 15000
- Lot Size (Sq. Ft.): 15,000
- Yard Description: 15000 Sq. Ft.
- Present Use: Office, Retail
- Zoning: C1
Disclosures and Reports
- Restrictions: None
Listed by Omarshall, Inc, Ricardo Archila
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Schools
Schools serving 383 1st St
School District:Gilroy Unified School District
| Name | Grades | Distance |
|---|---|---|
Rod Kelley Elementary School 8755 Kern Avenue, Gilroy, CA 95020 | K-5 | 1 mi |
South Valley Middle School 7881 Murray Avenue, Gilroy, CA 95020 | 6-8 | 0.6 mi |
Christopher High School 850 Day Road, Gilroy, CA 95020 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 383 1st St
Date
Details
Price
Change
Source
8/03/2026
Price Reduced
$899,000
-10.1%
MLS
3/31/2026
Listed
$999,950
48.14%
MLS
4/01/2025
Sold
$675,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 383 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,656
2%
$688,500
-61%
2024
$21,315
—
$1,753,535
2%
2024
$21,315
1%
$1,719,153
2%
2023
$21,191
2%
$1,685,445
2%
2022
$20,843
—
$1,652,398
2%
2021
$20,751
8%
$1,619,999
18%
2020
$19,216
26%
$1,377,000
17%
2019
$15,236
7%
$1,173,000
2%
2018
$14,225
10%
$1,150,000
14%
2017
$12,909
1%
$1,009,800
2%
2016
$12,780
15%
$990,000
10%
2015
$11,146
-37%
$900,000
-37%
2014
$17,823
1%
$1,430,456
—
2013
$17,649
—
$1,423,993
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 383 1st St
383 1st St, Gilroy, CA 95020 (MLS# ML82040906) is a Office property. 383 1st St is currently listed for $899,000 and was received on March 31, 2026. Want to learn more about 383 1st St? Do you have questions about finding other Office real estate for sale in Gilroy? You can browse all Gilroy real estate or contact a Coldwell Banker agent to request more information.

