Property profile

231 Main St Salinas, CA 93901

FOR SALE
Retail properties & Spaces
Property ID
US09-2542902
10,189 SF
Individually Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional 10,189 square foot, two-story building at 231 Main St., Salinas, CA 93901, is situated in the heart of Oldtown, a high-traffic, high-visibility area. The majority of the space (7,452 sq ft) is located on the ground floor and features high ceilings, skylights, a pre-existing bar area, and space designated for a kitchen and storage, making it ideal for a variety of retail or restaurant uses. Convenient access is provided via entrances on Main Street and a rear entrance from a public parking lot off Monterey Street. The upper level offers an additional 2,736 square feet of office space, potentially adaptable to residential use under the City's Adaptive Reuse Ordinance. The property is zoned for Mixed Use - Downtown Core Area and is located in Monterey County. This single-tenancy building presents a unique opportunity for a business seeking a prominent location in a vibrant, historic district. The property's versatile layout and prime location offer significant potential for a variety of uses.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,189 SF
UPID US09-2542902

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Health Counselor
  • Health Counselor

Location

231 Main St Salinas, CA 93901
Salinas metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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