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    158 Central Ave Salinas, CA 93901

    Sponsored
    For Sale
    $1,180,000

    Prime Downtown Location, Four Suites

    Property size:
    3,629 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This stunning 3,629 square foot commercial building, located at 158 Central Avenue in Salinas, CA, presents a unique investment opportunity. A California registered Historic Building, originally constructed in 1927, it boasts a prime downtown location and underwent a conversion to commercial office space in the late 1980s. The property features four individual office suites, each equipped with its own private bathroom. A common area ADA-compliant bathroom is also available for convenience. The building includes a private 11-stall parking lot, a significant advantage in a busy urban setting. Significant and consistent maintenance and improvements have been undertaken to ensure the building's functionality while carefully preserving its historic charm and character. Currently, two of the upstairs office suites are occupied under existing lease agreements that will transfer to the new owner, providing immediate rental income. The two downstairs suites are currently vacant, offering immediate occupancy for an owner-user or the potential to lease them quickly, maximizing rental income potential. The 0.2-acre lot provides ample space for the building and parking. This property represents a rare blend of historical significance, modern functionality, and excellent location, making it an exceptional investment opportunity in the heart of Salinas. The asking price is $1,180,000.

    Property Features for 158 Central Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,629 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1927
    Property Profile Location Intelligence

    Current Use by Public Records

    Venia Spa Spa RE/MAX Gold: Sohrab ... Real Estate Agent Monica J. Villegas, ... Real Estate Agent Marco Lopez Real ... Real Estate Agent RE/MAX Real Estate ... Real Estate Agent

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.6606
    Latitude
    36.67646

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Downtown Location, Four Suites
    Where is this commercial real estate located?
    The property is located at 158 Central Ave Salinas, CA.
    What is the asking price?
    The asking price for this property is $1,180,000.
    (831) 422-5327
    Request Owner's contact information
    158 Central Ave Salinas, CA 93901
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    Salinas, CA 93901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    158 Central Ave Salinas, CA 93901
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