231 Main St Salinas, CA 93901
For Sale
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This exceptional 10,189 square foot, two-story building at 231 Main St., Salinas, CA 93901, is situated in the heart of Oldtown, a high-traffic, high-visibility area. The majority of the space (7,452 sq ft) is located on the ground floor and features high ceilings, skylights, a pre-existing bar area, and space designated for a kitchen and storage, making it ideal for a variety of retail or restaurant uses. Convenient access is provided via entrances on Main Street and a rear entrance from a public parking lot off Monterey Street. The upper level offers an additional 2,736 square feet of office space, potentially adaptable to residential use under the City's Adaptive Reuse Ordinance. The property is zoned for Mixed Use - Downtown Core Area and is located in Monterey County. This single-tenancy building presents a unique opportunity for a business seeking a prominent location in a vibrant, historic district. The property's versatile layout and prime location offer significant potential for a variety of uses.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.