743 La Guardia St Salinas, CA 93905-3346
This exceptional offering presents a unique opportunity to acquire two contiguous parcels totaling 4.8 acres (209,916 sq ft) of flat industrial land in Salinas, California. Located within the Airport Business Park, this prime real estate boasts convenient access to Highway 101 and the Salinas Municipal Airport, ensuring optimal logistics and connectivity. The property is zoned IBP (Industrial Business Park), allowing for a wide range of potential uses. Each parcel is individually available for $2,312,500, or both can be purchased together for $4,625,000, representing an exceptional value of $22 per square foot. The lots feature rectangular configurations, maximizing usable space and eliminating any land loss due to irregular shapes. Existing infrastructure includes readily available sidewalks, sewer, and other essential utilities, streamlining the development process. The property's location in Monterey County, with a Salinas, CA 93905 zip code, offers a strategic advantage for businesses seeking a well-connected and established industrial location. Prospective buyers are encouraged to verify permitted uses with the City of Salinas Planning Department to ensure compatibility with their intended project. This is a rare opportunity to secure a substantial and versatile industrial land holding in a thriving market. Don't miss this chance to acquire a valuable asset with significant development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.