Mahoney & Associates is pleased to offer for sale the historic El Rey Theater at 361 Main Street, Salinas. Built in 1935 for movies, this 6,000 SF building on a   6,377 SF lot also hosted events on its small stage. Following decades of movies and entertainment of all types, the theater closed following the Loma Prieta Earthquake in 1989 and has sat vacant since. Over the past two years the property has undergone an extensive clean up after decades of neglect and is now in a condition that will allow the new owner to revitalize and/or repurpose the property.

The subject property is located in the heart of Old Town Salinas just off the corner of Main Street and San Luis Streets in an Opportunity Zone and within walking distance of restaurants, boutique stores, Maya Cinema, the Fox Theater, Taylor Farms 100,000 square feet Headquarters, City of Salinas Headquarters, Fire Headquarters, County of Monterey Court Headquarters, and within three blocks of the Commuter Train Station with service to the Bay Area and Silicon Valley. The Downtown Vibrancy Plan has breathed new life into Old Town Salinas and has generated extensive interest and commercial activity in the area. Currently there are two projects in Old Town that are adding apartment units and revitalization the area.