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    240 W Market St Salinas, CA 93901

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    For Sale
    $925,000

    Prime commercial corner property with high visibility and logistical advantages.

    Lot size:
    0.24 Acres

    Property Features for 240 W Market St

    General Information

    Lot size
    0.24 Acres

    Building Details

    Year built
    1967

    Source: CENTURY 21 Masters Agent Jesse Hernandez

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

    Overview

    Commercial Corner Property For Sale

    This commercial corner property offers a prime location with ingress and egress on W. Market and New Streets. Situated on one of Salinas' major arterial thoroughfares, the property provides high business visibility and a logistical location for businesses. It offers convenient access to US Hwy 101, the Monterey Peninsula, and Santa Cruz County. The sale includes two parcel numbers.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mr. Salinas Mobile ... Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.6488378
    Latitude
    36.6782492

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial corner property with high visibility and logistical advantages.
    Where is this commercial land located?
    The property is located at 240 W Market St Salinas, CA.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime corner location with ingress/egress on two streets (W. Market and New Streets).; - Located on a major arterial thoroughfare for high business visibility.; - Logistical advantages for access in and out of Salinas.
    (831) 776-1562
    Request Owner's contact information
    240 W Market 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
    240 W Market St Salinas, CA 93901
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