945 Abbott St Salinas, CA 93901
- Gas stations
- 4,509 SF
- 1.11 lot acres
Current Use by Public Records
- Chevron / Convenience Store / Auto Repair Shop
- ExtraMile / Convenience Store
Property Details for 945 Abbott St
- Year built
- 1999
- Lot size
- 1.11 lot acres
- Property size
- 4,509 SF
- Property type
- Gas stations
- APN
- 002-761-015-000
- APU
- 2761015000
Description
This exceptional ±2,500 square foot restaurant space presents a unique opportunity in the thriving Salinas, CA market. Located at the northwest corner of Abbott Street (22,624 vehicles per day) and South Sanborn Road (25,377 vehicles per day), this highly visible property benefits from its strategic position at the intersection of major thoroughfares and convenient access to Highway 101 and Highway 68 via East Blanco Road. The site is ideally situated in a high-traffic area bordering industrial and residential corridors, ensuring a consistent flow of potential customers. The property is a second-generation drive-thru restaurant, boasting existing infrastructure designed to streamline the setup for a new operator. This includes a grease trap, walk-in refrigeration, walk-in cooler, floor drains, sink hookups, shafting for a Type 1 hood, and two drive-thru windows with an eight-car stack. The property's adjacency to a high-volume Chevron gas station, along with nearby medical facilities and daily service businesses, contributes to a strong daytime population. Further enhancing the location's appeal, a new Starbucks and Circle K are slated to open soon. The zoning is commercial, and the property is located in Monterey County, within the Salinas submarket. This turnkey space offers significant potential for a variety of restaurant concepts seeking a prime location with established infrastructure. The entire 2,500 square feet is currently vacant and ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,960,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,140,000
- 6.5%
- $6,060,000
- 7%
- $5,265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,660,000
- Geo Method
- $6,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,630,000
- Retail
- $6,380,000
- Mixed-Use
- $5,120,000
- Hospitality
- $5,735,000
- Educational
- $6,470,000
- Residential Income
- $4,885,000
- Energy
- $6,010,000
- Income-Based Land
- $5,340,000
- Food Service
- $4,730,000
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.636
- Latitude
- 36.658
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
