1400 1st st Lot • Résidentiel • 11,26 Acres • 35 201 986 $ CAD • Gilroy, CA 95020

Shovel-Ready 202-Unit Townhome Development Opportunity – Gilroy, CA
Prime opportunity to acquire a fully entitled and shovel-ready residential development project at 1400 1st Street in Gilroy, California. Situated on approximately 11.26 acres, this recorded final map project is approved for the development of 202 townhomes in one of Silicon Valley’s fastest-growing residential corridors.
The project includes City-approved building plans and advanced entitlements, significantly reducing development timeline and entitlement risk for the next developer or investment group. The development is designed in multiple phases and features thoughtfully planned townhome product types with modern community amenities.
Located at the corner of First Street and Santa Teresa Boulevard, the property offers convenient access to Highway 101, downtown Gilroy, schools, retail centers, parks, and commuter routes connecting to Silicon Valley and the greater Bay Area.
Investment Highlights
Recorded Final Map for 202 townhomes
Approximately 11.26-acre development site
Building plans approved by the City of Gilroy
Shovel-ready project with advanced entitlements
Attractive phased development opportunity
Excellent location with strong housing demand
Easy access to Highway 101 and Caltrain connectivity
Planned amenities include open space, clubhouse, pool, and tot lot
Multiple modern floor plans with attached garages
Significant time and entitlement savings for developer
Seller Terms
Seller is seeking a qualified Buyer to acquire the project and reimburse Seller for previously paid City fees and PG&E fees through closing.
This is a rare opportunity for builders, developers, and investment groups to step into a near-ready residential community project with substantial upfront work already completed.
Please call agent for details.