312 Abbott St Salinas, CA 93901
- Office Properties & Spaces
- 1,800 SF
- 0.04 lot acres
Current Use by Public Records
- EXCLUSIVE TINTING / Window Tinting Service
- Gregory's Imports Autobody / Auto Body Shop
- Progressive Auto Repair / Auto Repair Shop
- Innovative Street Lights / Auto Repair Shop / Auto Parts Store
- Econo Cabinets / Cabinet Maker
Property Details for 312 Abbott St
- Lot size
- 0.04 lot acres
- Property size
- 1,800 SF
- Property type
- Office Properties & Spaces
- APN
- 002-474-001-000
- APU
- 2474001000
Description
This exceptional investment opportunity presents a 21,738 square foot light industrial property situated on a 1.05-acre lot at 312 Abbott Street, Salinas, CA. Currently fully leased, this property boasts near-zero vacancy potential due to the significant shortage of comparable spaces in the Salinas and Monterey County area. The building houses a diverse tenant base, including auto repair and detailing businesses, and other light industrial operations. A permitted automotive paint booth is also on-site, adding to the property's versatility and appeal. Unit sizes range from approximately 1,500 square feet to approximately 4,500 square feet, catering to a variety of business needs. Convenient amenities include ample on-site parking with approximately 47 spaces and shared restrooms. The strong tenant demand, driven by the limited availability of similar properties in the region, ensures a stable and potentially high-yielding investment for the future owner. This property represents a rare chance to acquire a well-leased, high-demand commercial asset in a thriving market. The asking price is $5,295,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,030,000
- 6.5%
- $3,180,000
- 7%
- $3,070,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,000,000
- Geo Method
- $2,905,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,865,000
- Retail
- $2,645,000
- Mixed-Use
- $3,420,000
- Hospitality
- $3,460,000
- Educational
- $3,335,000
- Residential Income
- $2,710,000
- Energy
- $3,190,000
- Income-Based Land
- $3,380,000
- Food Service
- $3,220,000
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.645
- Latitude
- 36.6672
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
