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    16 Gabilan St Salinas, CA 93901

    Sponsored
    For Sale
    $4,200,000

    Oldtown Salinas Hotel, 32 Rooms + Retail

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional three-story commercial property, situated on a 0.1-acre lot in Salinas, California's vibrant Oldtown district, presents a unique investment opportunity. Built in 1930, this historic hotel boasts a rich history and prime location near restaurants, shopping, entertainment, and high foot traffic areas. 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, generating substantial income potential, along with a convenient on-site manager's apartment (two bedrooms, one bathroom). The total square footage of the upper floors is approximately 8,119 square feet. This property is strategically located within a designated Opportunity Zone, potentially offering significant tax advantages for qualified investors. It's also approved for the US Department of Labor H-2A program, providing additional income streams through agricultural worker housing. Public transportation, including bus and train stations, is within easy walking distance. The property's strong location and diverse income streams make it an attractive investment for discerning buyers. Detailed financial information is available upon request. This is a rare chance to acquire a well-established, income-producing property in a thriving California city.

    Property Features for 16 Gabilan St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Traveler's Hotel Hotel Moncrief & Hart Real Estate Attorney Mystis Recuperative Care ... Community Health Centre Monterey County NORML Non-Profit Organization

    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
    -121.6544
    Latitude
    36.67553

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    FAQs

    What type of property is this?
    Commercial real estate - Oldtown Salinas Hotel, 32 Rooms + Retail
    Where is this commercial real estate located?
    The property is located at 16 Gabilan St Salinas, CA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    (831) 206-7832
    Request Owner's contact information
    16 Gabilan St 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
    16 Gabilan St Salinas, CA 93901
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