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Property profile & analytics
OFF-MARKET Estimated value $4,960,000
Gas stations

945 Abbott St Salinas, CA 93901-4361

4,509 SF 1.11 ac lot Built 1999
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US09-2457714
Property summary
AI-generated overview

This exceptional ±2,500 square foot restaurant space presents a unique opportunity in the thriving Salinas, CA market. Located at the northwest corner of Abbott Street (22,624 vehicles per day) and South Sanborn Road (25,377 vehicles per day), this highly visible property benefits from its strategic position at the intersection of major thoroughfares and convenient access to Highway 101 and Highway 68 via East Blanco Road. The site is ideally situated in a high-traffic area bordering industrial and residential corridors, ensuring a consistent flow of potential customers. The property is a second-generation drive-thru restaurant, boasting existing infrastructure designed to streamline the setup for a new operator. This includes a grease trap, walk-in refrigeration, walk-in cooler, floor drains, sink hookups, shafting for a Type 1 hood, and two drive-thru windows with an eight-car stack. The property's adjacency to a high-volume Chevron gas station, along with nearby medical facilities and daily service businesses, contributes to a strong daytime population. Further enhancing the location's appeal, a new Starbucks and Circle K are slated to open soon. The zoning is commercial, and the property is located in Monterey County, within the Salinas submarket. This turnkey space offers significant potential for a variety of restaurant concepts seeking a prime location with established infrastructure. The entire 2,500 square feet is currently vacant and ready for immediate occupancy.

Property profile
Verified
Property type Gas stations
Use group GAS STATION
Year built 1999
Total area 4,509 SF
Lot 1.11 ac (48,221 SF)
APN 002-761-015-000
UPID US09-2457714
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chevron Grocery & Convenience Store
  • ExtraMile Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.96M
Owner & transaction history
945 Abbott Street Salinas LLC · 1 yrs held
945 Abbott Street Salinas LLC
since 2024
7 recorded transactions
2024
Price N/A
2022
$5.5M
2022
Price N/A
2022
Price N/A
2022
Price N/A
2015
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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