16 Gabilan St Salinas, CA 93901

Property Details for 16 Gabilan St

Year built

1930

Construction

TILT-UP CONCRETE

Lot size

0.10 lot acres

Property size

11,341 SF

Property type

Hotels

Property subtype

Motels

APN

002-234-002-000

APU

2234002000

Description

This exceptional three-story commercial property, situated on a 0.1-acre lot in Salinas, California's vibrant Oldtown district, presents a unique investment opportunity. Built in 1930, this historic hotel boasts a rich history and prime location near restaurants, shopping, entertainment, and high foot traffic areas. The ground floor comprises approximately 3,479 square feet of retail space, currently occupied by a thriving restaurant and coffee shop. The upper two floors offer 32 rentable rooms, generating substantial income potential, along with a convenient on-site manager's apartment (two bedrooms, one bathroom). The total square footage of the upper floors is approximately 8,119 square feet. This property is strategically located within a designated Opportunity Zone, potentially offering significant tax advantages for qualified investors. It's also approved for the US Department of Labor H-2A program, providing additional income streams through agricultural worker housing. Public transportation, including bus and train stations, is within easy walking distance. The property's strong location and diverse income streams make it an attractive investment for discerning buyers. Detailed financial information is available upon request. This is a rare chance to acquire a well-established, income-producing property in a thriving California city.

Location Insight

City

Salinas

County

Monterey

State

California

Longitude

-121.654

Latitude

36.6755

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments