For Sale
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Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
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Car Dealership
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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