1223 Davis RdSalinas, CA 93907

Property Details for 1223 Davis Rd

Year built

1998

Construction

TILT-UP CONCRETE

Lot size

5.61 AC

Property size (Sq ft)

67,423 SF

Property type

Retail properties

Property subtype

Community centers

APN

261-145-034-000

APU

261145034000

Description

Westridge Shopping Center, located at 1223 North Davis Road in Salinas, California (zip code 93907), presents a significant retail opportunity. This strip center offers a substantial 16,500 square feet of vacant space, ideal for a variety of retail uses. Situated in Monterey County, the property benefits from its location in the thriving city of Salinas. The precise total building square footage is currently unavailable. The property is categorized as a multi-tenant retail space, providing flexibility for potential tenants. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking to establish or expand their presence in the Salinas market. The coordinates for the property are latitude 36.7005954 and longitude -121.6687644. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional retail space offers. This is a rare opportunity to secure a significant footprint in a desirable Salinas location. The available space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $29,679,958

  6.5%

  $27,396,884

  7%

  $25,439,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $47,388,472

  Geo Method

  $47,388,472

• Alternative Use

  Use

  Valuation

  Residential

  $23,110,296

  Hospitality

  $21,168,908

  Educational

  $17,612,282

  Medical

  $18,217,996

  Retail

  $27,396,884

Location Insight

City

Salinas

County

Monterey

State

California

Latitude

36.7002

Longitude

-121.669

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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