231 Main Street, Salinas, CA 93901
Two-tenant downtown building with a large high-ceiling open space and office area on the second floor.
- Added:
- Sep 27, 2025
- Days on Market:
- 273
- Last Refresh:
- Jun 25 at 8:10 pm
Property Features for 231 Main Street
General Information
- Standard status
- Active
- Size
- 7,452 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1950
Listing office Baird Partnership, Inc. (831) 275-0129
Listing date Sep 27, 2025
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Baird Partnership, Inc.
HighLights
- Two‑tenant downtown building with 1950 construction and downtown Salinas Opportunity Zone location
- Approx. 3,600 SF skincare and body spa tenant space
- Remainder offers approx. 7,452 SF large open area with high ceilings, skylights, and back‑of‑house storage
- Multiple access points with entrances on Main St. and from the public parking lot off Monterey St. (rear)
- Rear section includes approx. 2,736 SF office space on the 2nd floor that may be converted to apartments with the City’s Adaptive Reuse Ordinance
Overview
The building is positioned in the heart of Downtown Salinas within an Opportunity Zone. Access includes entrances on Main St. and a second entry through the public parking lot off Monterey St. toward the rear, supporting convenient customer and staff flow.
A portion of the property includes approximately 2,736 SF of office space located on the second floor at the rear of the large open area. That second-floor space may be considered for alternative uses if adaptive reuse is pursued under the City’s Adaptive Reuse Ordinance. Overall, the configuration supports tenants or buyers seeking a property that combines a dedicated spa/retail component with a substantial open footprint and additional second-floor space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.7k | $26.40 |
| − Vacancy | −$43.3k | −$5.81 |
| EGI | $153.5k | $20.59 |
| − OpEx | −$38.4k | −$5.15 |
| NOI | $115.1k | $15.44 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The WellNest Massage — 369 Main St Suite 205, Salinas, CA 93901
- Select Physical Therapy - Salinas — 408 Main St, Salinas, CA 93901
- Alpha Heart Health LLC — 100 W Alisal St #2447, Salinas, CA 93901
- Ms. Tisa Roland — 139 Auburn St, Salinas, CA 93901
- Flow Cryotherapy — 311 Salinas St, Salinas, CA 93901
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.6547343
- Latitude
- 36.6748733
