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    254 Market St Salinas, CA 93901

    Sponsored
    For Sale
    $659,000

    10,000 sq ft lot, $659,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,000 square foot commercial lot, located at 254 E Market St in Salinas, California (zip code 93901), presents a lucrative investment opportunity. Currently vacant, this property boasts a strategic location east of downtown Salinas, offering convenient access to Highway 101. Previously used as a used car lot, the property is zoned for Mixed Arterial Frontage, allowing for a diverse range of commercial uses. The asking price is $659,000, translating to $65.90 per square foot. The lot's prime location is surrounded by a thriving mix of retail, commercial, and industrial businesses, ensuring high visibility and potential for strong returns. The property's APN is 003-114-004. This is a multi-tenancy property ideal for investors seeking a high-traffic location with significant development potential in a bustling area of Monterey County. The property's proximity to downtown Salinas and Highway 101 provides unparalleled accessibility for both customers and employees. This is a rare opportunity to acquire a well-situated commercial lot in a rapidly growing market. Don't miss out on this chance to capitalize on the vibrant Salinas commercial landscape.

    Property Features for 254 Market St

    General Information

    Property type
    Automotive properties

    HighLights

    • $659,000 asking price for a 10,000 sq ft lot.
    • Mixed Arterial zoning allows for diverse commercial uses.
    • Located on E Market St in Salinas, CA (APN 003‑114‑004), near Hwy 101 and downtown.
    • Previously used as a car lot.
    • $65.90 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bros Auto Sales ... Used Car Dealer JL auto sales Used Car Dealer

    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
    -121.6484189
    Latitude
    36.6784065

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    FAQs

    What type of property is this?
    Automotive property - 10,000 sq ft lot, $659,000
    Where is this automotive property located?
    The property is located at 254 Market St Salinas, CA.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: $659,000 asking price for a 10,000 sq ft lot.; Mixed Arterial zoning allows for diverse commercial uses.; Located on E Market St in Salinas, CA (APN 003-114-004), near Hwy 101 and downtown.
    Request Owner's contact information
    254 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
    254 Market St Salinas, CA 93901
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