$17,200,000.00

For Sale | 301 Main St., Salinas, CA

Mahoney & Associates is pleased to present to the market 301 Main Street in Salinas CA. This iconic six-story property is located in the heart of downtown Salinas and just blocks away from the recently built +/- 100,000 square foot Taylor Farms Headquarters and Monterey County Superior Courthouse. The ground floor of the building is leased to Alvarado Street Brewery’s art deco styled restaurant, Alvarado on Main. Floors 2 – 6 were converted from office space in 2022 to fifty (50) residential studio apartment units. The apartments are equipped with wide-plank oak flooring, stainless steel appliances, quartz countertops, LED illuminated vanity mirrors, and spacious showers. Approximately 5,000 SF of Trex decking has been installed on the roof of the building, as well as a viewrail glass railing around the perimeter of the roof space. The building is equipped with a ButterflyMX Smart Intercom service, laundry rooms on each floor (2 washers and 2 dryers per residential floor), mail room, storage spaces (available at an additional cost), on-site manager, and internal ground floor access to the Alvarado on Main restaurant. The property has been designated historic and is part of the Mills Act Program, which provides significant property tax savings.

Details

Price : $17,200,000.00
Cap Rate : 5%
Address : 301 Main Street
City : Salinas
State : CA
Zip Code : 93901
APN : 002-233-019
After Price : $0.00
Property Type : Mixed-Use
Secondary Type : Multi-Family
Purpose : Sell
Building Size : ± 39,327 SF
Lot Size : ± 6,200 SF
Zoning : Mixed Use
Property ID : 6636

Attachments

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Patrick Stafford
DRE #01857243
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Josh Jones
DRE#01352818
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Ryan Edwards
DRE #01403313
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CONTACT US

Phone: (831) 646-1919
Fax: (831) 646-1115
Email Us: [email protected]

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