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$5,100 -$2,550 (-33.33%) Price Reduced
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Property Description
Prime mixed-use retail opportunity located in Gilroy, California, just steps from the downtown core. This highly visible two-story building sits in a strong commercial corridor with excellent street exposure and a Walk Score of 88/100, offering consistent foot and vehicle traffic. The property features classic early 20th-century commercial architecture and is currently taken down to the studs, providing a true blank canvas for a tenant to design and build out their ideal space. Zoned for commercial use, it offers flexible leasing potential. Property Features: Prime corner location at 1st St and Hanna St Building taken down to the studs ready for full custom buildout Former restaurant infrastructure with potential for reconfiguration Second-floor layout suitable for office or creative use Two restrooms (one on each level) Approximately 15,000 sq ft lot (tenant to verify) Approximately 21+/- parking spaces Strong signage potential and street visibility Established commercial district near downtown Gilroy Easy access to major regional routes and 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: $5,100
- Status: Active
- Type: Commercial Recreational
- Source: RE_Infolink
- MLS ID: ML82048679
- Updated: 8/3/2026
- Added to Site: 74 day(s) ago
Business
- Business Type: Catering, Commercial, Deli/Catering, Entertainment, Fa
Rental Information
- Complex Features: Front Sign, Restroom(s)
Interior
- Flooring: Other
Additional Information
- Security/Safety: None
Parking
- Parking Features: 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: Separate Gas
Structural Information
- Foundation: Other
- Roof: Other
- Disability Access: None
- Square Feet: 6,036
- Office: 2,800 Sq. Ft.
- Year Built: 1935
Lot Features
- Minimum Lot Size: 14810
- Lot Size (Sq. Ft.): 14,810
- Present Use: Food Service, 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
$5,100
-33.33%
MLS
5/27/2026
Listed
$7,650
-98.87%
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# ML82048679) is a Commercial Recreational property. 383 1st St is currently listed for $5,100 and was received on May 27, 2026. Want to learn more about 383 1st St? Do you have questions about finding other Commercial Recreational real estate for sale in Gilroy? You can browse all Gilroy real estate or contact a Coldwell Banker agent to request more information.

