Your email has been sent.
1400 1st st
Gilroy, CA 95020
Land For Sale
·
11.26 AC
Investment Highlights
- Low-risk, shovel-ready opportunity to development 202 townhomes in a high demand market.
- Excellent proximity to downtown amenities, parks, schools, restaurants, and more.
- Robust population growth and resilient real estate market.
- Options include a Joint Venture structure or land contribution.
- Easy Silicon Valley/Bay Area connectivity via Highway 101 and Caltrain.
Executive Summary
Entitlements are advanced and time-sensitive. The tentative map has been approved (expiring April 4, 2026), building permits are approved and ready for buyer signature, and the final map is scheduled for City Council approval on March 16, 2026. The development is planned in three phases and features five distinct floor plans ranging from approximately 1,700 to 2,200 square feet, each with a two-car garage. Community amenities include common open space, a clubhouse, swimming pool, and tot lot.
The property is strategically positioned within an evolving mixed commercial-residential corridor, offering excellent proximity to downtown amenities, parks, schools, restaurants, and family-oriented neighborhoods. Gilroy serves as a gateway to Silicon Valley, approximately 36 miles south of San Jose, with convenient access via U.S. Highway 101 and Caltrain. The local housing market has demonstrated resilience, with recent median home prices ranging from approximately $930,000 to $1.2 million, supporting strong long-term demand and appreciation potential.
With its shovel-ready status, approved entitlements, scalable unit mix, and strategic Silicon Valley adjacency, 1400 1st Street represents a compelling opportunity to deliver much-needed for-sale housing in a growing, supply-constrained market.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 11.26 AC |
| Property Type | Land | ||
| Zoning | R4 - High Density Residential District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 11.26 AC |
| Zoning | R4 - High Density Residential District |
1 Lot Available
Lot
| Lot Size | 11.26 AC |
| Lot Size | 11.26 AC |
Description
The 11.26-acre site is strategically located in a prime corridor zoned R-4 (High Density Residential), aligning with General Plan allowances of 20–30+ dwelling units per net acre for attached housing such as townhomes. This area forms part of Gilroy’s evolving mixed commercial-residential zone, with excellent proximity to downtown amenities, parks, schools, restaurants, family-friendly neighborhoods featuring quiet streets, scenic views, playgrounds, bike trails, golf courses, and sports parks. Entitlements are advanced and time-sensitive: the tentative map has been approved (expiring April 4, 2026), building permits are approved and ready for Buyer signature, and the final map is going to City Council on March 16, 2026 for approval. The Project is designed to be built in three phases and features five different floor plans with units ranging from ~1,700 to 2,200 square feet, each with a two-car garage. Amenities include common open space, clubhouse, swimming pool and tot lot.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $22,658,577 CAD | Total Assessment | $22,658,577 CAD |
Property Taxes
