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312 Abbott St Salinas, CA 93901

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For Sale
$5,295,000

Light industrial condominiums with auto repair and detail uses.

Property size:
21,738 SF
Lot size:
0.50 Acres

Property Features for 312 Abbott St

General Information

Size
21,738 SF
Lot size
0.50 Acres

Source: Mahoney & Associates Commercial Real Estate Agent James Kendall

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Salinas Light Industrial Condominiums

Located in Salinas, CA, the property at 312 Abbott St. is available for sale. The property consists of a condominium map containing 12 separate APNs held under a single ownership and being sold as a combined set. The tenant roster includes a mix of auto repair and detail uses, other light industrial uses, and a permitted automotive paint booth. Unit sizes range from approximately 1,447 to 3,389 square feet. The property includes on-site his and hers common area restrooms and approximately 56 off-street parking spaces. The leases were recently renewed with rents brought up to market rate. The surrounding Monterey County area experiences a lack of small, light industrial space available for lease, providing tenant demand for space to lease. The property size is 21,738 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

EXCLUSIVE TINTING Window Tinting Service Gregory's Imports Autobody Auto Body Shop Progressive Auto Repair Auto Repair Shop Innovative Street Lights Auto Parts Store Econo Cabinets Cabinet Maker

Suggested Use

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

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

Similar Places Nearby

Yangtse Taste of Thai, Portobello's Catering, Portobello's Inc

Location Insight

  • Map
  • Local Demand
City
Salinas
County
Monterey
State
California
Longitude
-121.6462936
Latitude
36.6668518

FAQs

What type of property is this?
Flex space - Light industrial condominiums with auto repair and detail uses.
Where is this flex space located?
The property is located at 312 Abbott St Salinas, CA.
What is the asking price?
The asking price for this property is $5,295,000.
What are key features of this property?
This property features: - Improved cap rate at 6.33%; - Condominium map with 12 separate APNs under single ownership; - Recently renewed leases at market rate
More about this property
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