Six-Story Mixed-Use Income
For Sale
$12,500,000
301 Main Street, Salinas, CA 93901
Six-story downtown building with leased ground-floor restaurant and residential studio apartments converted from office space.
Property SizeContact for details
Days on Market114
Property Features for 301 Main Street
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Multifamily Units
50
Amenities
roof deck with Trex decking and glass railing
ButterflyMX Smart Intercom
laundry rooms on each floor
mail room
basement storage
on-site manager
internal restaurant access
Building Details
Year Built
1930
Year Renovated
2022
Stories
6
Tenancy
Multi
Listing Agency:
Baird Partnership,Inc.
Listed By:
Patrick Stafford
(714) 497-3550
Source:
Sevengables
Added: May 1
Changed: Aug 21
Last Checked: Aug 21 at 10:40AM
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.
Investment Insights
Based on property information with market context.
This iconic six-story mixed-use property includes a leased ground-floor restaurant space and residential studio apartment units on floors 2 through 6. Floors 2–6 were converted from office space in 2022 and feature wide-plank oak flooring, stainless steel appliances, quartz countertops, LED illuminated vanity mirrors, and spacious showers. The building also includes approximately 5,000 SF of Trex decking on the roof with a viewrail glass railing around the perimeter of the roof space.
The property is located in the heart of downtown Salinas and is just blocks away from the Taylor Farms Headquarters and the Monterey County Superior Courthouse. Internal ground floor access connects the residential portion with the Alvarado on Main restaurant. Building amenities include a ButterflyMX Smart Intercom service, laundry rooms on each residential floor (2 washers and 2 dryers per floor), a mail room, on-site manager, and basement storage spaces available at an additional cost.
The building has been designated historic and is part of the Mills Act Program, which provides significant property tax savings.
The property is located in the heart of downtown Salinas and is just blocks away from the Taylor Farms Headquarters and the Monterey County Superior Courthouse. Internal ground floor access connects the residential portion with the Alvarado on Main restaurant. Building amenities include a ButterflyMX Smart Intercom service, laundry rooms on each residential floor (2 washers and 2 dryers per floor), a mail room, on-site manager, and basement storage spaces available at an additional cost.
The building has been designated historic and is part of the Mills Act Program, which provides significant property tax savings.
Key Highlights
- Six‑story downtown Salinas building (built 1930) with leased ground‑floor restaurant and 50 residential studio units on floors 2–6
- Ground floor leased to Alvarado Street Brewery’s art deco restaurant, Alvarado on Main, with internal access from the building
- 2022 conversion from office to 50 studio apartments with wide‑plank oak flooring, stainless steel appliances, and quartz countertops
Property Analytics
Property Profile
Current Use
Lease Details
50
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,400
Businesses Nearby
Explore this area
Business Placement
Demographics for 93901, CA
29,700
Population
11,328
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
81%
High-School Grad
9.6 sq mi
ZIP Area
3,094
Density / Sq Mi
$91,639
Median Household Income
$47,620
Median Earnings
$1,792
Median Rent
$721,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-story downtown building with leased ground-floor restaurant and residential studio apartments converted from office space.
Where is this apartment building located?
The property is located at 301 Main Street Salinas, CA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Six‑story downtown Salinas building (built 1930) with leased ground‑floor restaurant and 50 residential studio units on floors 2–6; Ground floor leased to Alvarado Street Brewery’s art deco restaurant, Alvarado on Main, with internal access from the building; 2022 conversion from office to 50 studio apartments with wide‑plank oak flooring, stainless steel appliances, and quartz countertops
