7554 Monterey St
Gilroy, CA 95020

INVESTMENT OVERVIEW Property is also offered for sale at $2,050,000 ICONIC LOCATION: OWNED & OPERATED BY THE SAME FAMILY FOR OVER 50 YEARS Gilroy Bowl is an iconic location beloved by generations of local residents. It has been a Downtown Gilroy attraction since opening its doors in 1958. The approximately 10,431 square foot building has a full bar & restaurant that served both Japanese and American cuisine. It has long been a community favorite for brunch, hosting birthday parties and work-related events. The 10-lane bowling alley in the rear is the only bowling alley in Gilroy, and has been home to several bowling leagues for decades. There is also a large attic space that could be used for storage. Located in the heart of Downtown Gilroy, the subject property has been owned, operated and well-maintained by the same family for over 50 years. It will be delivered vacant at the time of closing. TREMENDOUS OWNER/USER OPPORTUNITY The sale of the building includes all restaurant equipment, all bowling equipment and Type 47 liquor license. The property and all equipment inside have been well-maintained throughout its time of ownership, presenting a tremendous opportunity for a new owner to establish their business at this iconic and well-known Downtown Gilroy institution. NO COMPETITION IN THE IMMEDIATE AREA(1) There are currently no bowling alleys in the City of Gilroy or in any of the surrounding smaller cities. The closest bowling alley is located approximately 10 miles away in Morgan Hill, followed by another bowling alley located 25 miles south in Salinas. This presents an incredible opportunity for a new owner restore the bowling alley and continue a long held tradition at this beloved Downtown Gilroy hot spot. ATTRACTIVE SBA FINANCING (POTENTIALLY UP TO 90%) FOR NEW BUSINESS OWNERS(2) New owners may be able to take advantage of attractive SBA financing rates and terms, potentially allowing a new owner to put as little as 10% down. POTENTIAL FUTURE REDEVELOPMENT OPPORTUNITY(3) Per the City of Gilroy Planning Department, current zoning allows for mixed-use retail/residential with a 50 feet height limit and 2.5 maximum floor-to-area ratio. This could allow a new owner to potentially add residential units on top of the existing improvements to increase the property’s value and generate new cash flow.