16 Gabilan St Salinas, CA 93901

This exceptional 3-story commercial property, located at 16 Gabilan Street in Salinas, California's vibrant Oldtown district, presents a unique investment opportunity. Built in 1930, this historic building boasts 11,341 square feet situated on a 0.1-acre lot. The ground floor comprises approximately 3,479 square feet of retail space, currently occupied by a thriving restaurant and coffee shop. The upper two floors offer 32 rentable rooms, plus a convenient on-site manager's apartment (2 bedrooms, 1 bathroom), totaling approximately 8,119 square feet. This property benefits from its location within an approved Opportunity Zone, potentially offering preferential tax treatment for qualified investors (consult your tax advisor for details). Furthermore, the building is approved for the US Department of Labor H-2A program, providing suitable housing for agricultural workers. Its prime Oldtown location ensures high visibility and foot traffic, with nearby restaurants, shopping, entertainment, and public transportation (bus and train stations within walking distance). The property's strong existing tenancy and diverse income streams make it an attractive investment prospect. Financial details are available upon request.