7554 Monterey St
Gilroy, CA 95020

INVESTMENT OVER VIEW ICONIC LOCATION: OWNED & OPERATED BY THE SAME FAMILY FOR OVER 50 YEARS Scotty’s Restaurant & Bar has been 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 restaurant & bar 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 back has been well-maintained and allows a new owner the flexibility to expand the current restaurant or bar areas. 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, Type 47 liquor license and all bowling equipment. All equipment and bowling lanes 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. POTENTIAL TO EXPAND CURRENT RESTAURANT & BAR AREAS(1) A new owner has the flexibility to expand the current restaurant or bar areas by removing the bowling alley situated in the back of the building, or to moderize the space for the next generation of local bowlers. There are currently no bowling alleys in Gilroy or in any of the surrounding cities. The nearest bowling alley is located 10 miles away in Morgan Hill, followed by another bowling alley located 25 miles away in Salinas. 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.