10 Katherine Ave Salinas, CA 93901
- Office buildings
- 3,100 SF
- 0.10 lot acres
Current Use by Public Records
- Century 21 Advantage / Real Estate Agency / Real Estate
- Wesley Franklin / Real Estate Agency
- LP Mortgage Services / Mortgage Lender
Property Details for 10 Katherine Ave
- Year built
- 1950
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.10 lot acres
- Property size
- 3,100 SF
- Property type
- Office buildings
- APN
- 002-605-003-000
- APU
- 2605003000
Description
This 3,100 square foot retail space, located at 10 Katherine Ave, Salinas, CA 93901, is available for $1,225,000 ($295.18/sq ft). Situated on a 4,150 square foot lot, this property boasts a desirable South Main Street location and versatile mixed-use zoning, making it ideal for a variety of businesses. Originally built in 1950 and renovated in 2014, the building offers flexible office space and is currently vacant. The property features a mid-century modern facade and shared parking located at the rear of the building. The interior is currently under remodel and the seller is open to customizing the space to meet a buyer's specific needs. The property's APN is 002-605-003. This presents a unique opportunity for investors and businesses seeking a prominent location in Salinas, California. The building was previously occupied by Century 21 and has been vacant since 2019. This prime location offers excellent visibility and accessibility, making it an attractive investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $885,000
- 6.5%
- $855,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $910,000
- Geo Method
- $805,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $835,000
- Retail
- $860,000
- Mixed-Use
- $870,000
- Hospitality
- $845,000
- Educational
- $1,030,000
- Residential Income
- $1,005,000
- Energy
- $1,060,000
- Income-Based Land
- $775,000
- Food Service
- $905,000
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.658
- Latitude
- 36.6615
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA