241 Main St Salinas, CA 93901
- Theaters & concert halls
- 9,767 SF
- 0.25 lot acres
Current Use by Public Records
- Fox Theater / Performing Arts Theater
Property Details for 241 Main St
- Year built
- 1921
- Lot size
- 0.25 lot acres
- Property size
- 9,767 SF
- Property type
- Theaters & concert halls
- APN
- 002-234-031-000
- APU
- 2234031000
Description
Embrace a rare opportunity to acquire the historic Fox Theatre, a thriving Class A business and building located at 241 Main St, Salinas, CA 93901. This 9,767 sq ft property, situated on a 10,890 sq ft lot, boasts a rich history and significant potential. Built in 1921 and meticulously maintained, the theatre features updated electrical and plumbing systems, a recently repaired roof, and has undergone earthquake retrofitting. The sale includes all fixtures, furniture, and equipment (FF&E), a Type 47 liquor license (with Type 58 caterer's endorsement), and the established business, complete with bookings extending into 2025. The property is zoned MX - Mixed Use, offering versatile possibilities. With only 2 parking spaces on-site, potential buyers should consider the parking needs of the business. Financial details for the business are available upon signing a non-disclosure agreement (NDA). Located just steps from the Taylor Farms Headquarters and central to Salinas' downtown revitalization plan, this acquisition presents a unique blend of historical preservation and significant business growth potential, making it an exceptional investment opportunity. The property's APN is 002-234-031. The building consists of three units. The asking price is $4,500,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.655
- Latitude
- 36.6747
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
