$699,000.00 $625,000.00

For Sale | Charming Office Building | Salinas, CA

Mahoney & Associates is pleased to offer for sale a two-story framed building on a concrete foundation, originally built as a house, and later converted to business offices. The building was constructed circa 1880 by Peter Bontadelli, a native of Switzerland who moved to Salinas in 1875 and was considered one of the finest craftsmen in his trade. It is deemed historic by both the City of Salinas as well as the State of California Resources Agency. That report notes it as the finest and only classic example of the French Second Empire style of architecture to be found in Monterey County.

There was a rear addition to the building which was completed in 2 phases, the first about 1907 and the second in the late 1940s, both of which were deemed sympathetic to the original design in scale, materials, and decoration, which also includes scroll-sawn bracketed cornices. A wood-shingled Mansard roof with alternating horizontal rows of diamond and fish-scale shingles caps the earlier portion while an asphalt composition roof covers the single-story, hipped-roof addition.

The present configuration of the interior contains 9 formal offices and 2 restrooms. Each office tenant with a formal office pays $300/month, which includes utilities. The second story is accessed via an internal stairwell. There is no central heating, tenants either make use of the building’s floorboard heating where it exists or provide their own individual office heating.

Buyers are encouraged to review Seller’s Property Questionnaire as it relates to the specific conditions of elements including roof, water heater, fireplace functionality, and rear stairs, among others.

 

PROPERTY HIGHLIGHTS

The property is located one-half block from the County of Monterey courthouse complex. Similar to numerous other properties in this area that have been converted to offices, this building houses, among other tenants, attorneys who benefit from the close proximity to county offices and courts.

This property lends itself to a buyer who requires a flexible office arrangement, plus the opportunity to generate additional revenue from co-tenants.

The property is zoned Historic, and the City of Salinas participates in the Mills Act, deemed the single most important economic incentive program in California for the restoration and preservation of qualified historic buildings by private property owners. Properties enrolled in this program and who actively participate in the restoration and maintenance of their historic properties are entitled to obtain significant property tax relief, savings of which may amount to between 40% to 60% each year. (See also California Government Code, Article 12, Sections 50280-50290, & California Revenue and Taxation Code, Article 1.9, Sections 439-439.4).

The property is well parked with 10 spaces plus street parking and is centrally located in Salinas.

Details

Price : $699,000.00 $625,000.00
Address : 119 Cayuga St.
City : Salinas
State : CA
Zip Code : 93901
APN : 002-251-016
Latitude : 36.6756332
Longitude : -121.6592573
Property Type : Office
Secondary Type : Owner/User
Purpose : Sell
Building Size : ± 2,997 SF
Lot Size : ± 19,500 SF
Zoning : C/O
Property ID : 4307

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

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