254 Market St Salinas, CA 93901
- Automotive properties
- 140 SF
- 0.23 lot acres
Current Use by Public Records
- Bros Auto Sales Group / Used Car Dealer
- JL auto sales / Used Car Dealer
Property Details for 254 Market St
- Year built
- 1966
- Lot size
- 0.23 lot acres
- Property size
- 140 SF
- Property type
- Automotive properties
- APN
- 003-114-004-000
- APU
- 3114004000
Description
This exceptional 10,000 square foot commercial lot, located at 254 E Market St in Salinas, California (zip code 93901), presents a lucrative investment opportunity. Currently vacant, this property boasts a strategic location east of downtown Salinas, offering convenient access to Highway 101. Previously used as a used car lot, the property is zoned for Mixed Arterial Frontage, allowing for a diverse range of commercial uses. The asking price is $659,000, translating to $65.90 per square foot. The lot's prime location is surrounded by a thriving mix of retail, commercial, and industrial businesses, ensuring high visibility and potential for strong returns. The property's APN is 003-114-004. This is a multi-tenancy property ideal for investors seeking a high-traffic location with significant development potential in a bustling area of Monterey County. The property's proximity to downtown Salinas and Highway 101 provides unparalleled accessibility for both customers and employees. This is a rare opportunity to acquire a well-situated commercial lot in a rapidly growing market. Don't miss out on this chance to capitalize on the vibrant Salinas commercial landscape.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.648
- Latitude
- 36.6782
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
