2025 Pacheco Pass Highway, Gilroy, California 95020, Gilroy, 95020 - bed, bath
ACTIVE$995,000
2025 Pacheco Pass Highway, Gilroy, California 95020
0Bed
0Bath
2,682Sqft
84,680.641Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Diverse Income Streams: The property offers multiple revenue opportunities, including an operating market, a single-family home, a 1-bedroom cottage, a shop/barn, and open land for farming, explicitly noted for its 'Great income potential' and profitable market.
Top Cons:
Property Age & Potential Maintenance: Built in 1940, the structures, while in 'move-in condition,' may entail higher ongoing maintenance costs or require updates typical of older properties.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this property is significantly aged. While the listing states 'All units are in move-in condition,' the visible interiors (bedroom, market) appear dated with older carpets, simple light fixtures, and utilitarian finishes. There are no images of residential kitchens or bathrooms, but given the property's age and the style of other visible areas, it's highly probable these areas are also outdated and would require minor to substantial updates to meet current aesthetic and functional standards. An older AC unit is visible on the roof, suggesting systems may be functional but not modern. The property is maintained enough to be habitable but shows clear signs of its age and would benefit from significant renovations.
Year Built
1940
Close
-
List price
$995K
Original List price
$1.1M
Price/Sqft
$371
HOA
-
Days on market
-
Sold On
-
MLS number
ML81613619
Home ConditionFair
Features
Good View:
View-
About this home
Major price reduction!! DO NOT disturb occupants. Shown by appointment only. Incredible opportunity to own one of the most unique properties on Pacheco Pass Highway. Property consists of two parcels being sold together (APN# 841-23-013 & 841-23-009) with a operating market, single family home, 1 bedroom cottage, detached shop/barn, small orchard, and open land for farming! Great income potential. 3 electrical meters & 2 gas meters. There are 7 marked parking stalls and tons of additional off street-parking. Approximately 2.13 acres of land. The market is profitable and with the newly installed traffic light at Pacheco Pass Highway and Fraiser Lake Road, business has picked up tremendously! All units are in move-in condition. This is a exceptional investment/owner user opportunity that is just minutes to the town and in the path of future development.
Condition Rating
Fair
Built in 1940, this property is significantly aged. While the listing states 'All units are in move-in condition,' the visible interiors (bedroom, market) appear dated with older carpets, simple light fixtures, and utilitarian finishes. There are no images of residential kitchens or bathrooms, but given the property's age and the style of other visible areas, it's highly probable these areas are also outdated and would require minor to substantial updates to meet current aesthetic and functional standards. An older AC unit is visible on the roof, suggesting systems may be functional but not modern. The property is maintained enough to be habitable but shows clear signs of its age and would benefit from significant renovations.
Pros & Cons
Pros
Diverse Income Streams: The property offers multiple revenue opportunities, including an operating market, a single-family home, a 1-bedroom cottage, a shop/barn, and open land for farming, explicitly noted for its 'Great income potential' and profitable market.
Strategic Location & Growth Potential: Positioned on Pacheco Pass Highway with a newly installed traffic light significantly boosting business, and identified as being 'in the path of future development' and minutes from town.
Extensive Land & Multi-Parcel Ownership: Comprising two parcels totaling approximately 2.13 acres, this offers substantial land for current operations, expansion, or future development.
Robust Utility Infrastructure: Equipped with 3 electrical meters and 2 gas meters, providing excellent flexibility for managing separate residential and commercial units or multiple businesses.
Ample Parking & Accessibility: Features 7 marked parking stalls and 'tons of additional off street-parking,' ensuring convenient access for customers and residents, further enhanced by improved traffic flow from the new light.
Cons
Property Age & Potential Maintenance: Built in 1940, the structures, while in 'move-in condition,' may entail higher ongoing maintenance costs or require updates typical of older properties.
Extended Market Time & Price Adjustments: The property has been on the market since 2016 with a significant price reduction from its original listing, which may suggest previous challenges in attracting buyers or an initial overvaluation.
Showing Limitations Due to Occupancy: The requirement to not disturb occupants and schedule showings by appointment only can restrict access and flexibility for potential buyers, potentially prolonging the sales process.