$835,000

835837 S. Main Street

Salinas CA, 93901

Description

South Salinas Mix-Use Building with 9 private parking spaces or seller shall provide parking lot agreement. Detached 2 car garage/storage. Existing 4 bedrooms 1 bath unit on the second floor and can be built out to four dwelling units per the City of Salinas. Existing leases in place. Annual Gross Income $62,400.00. Cap Rate at asking price $835,000. is 5.1%!!! Great central location with excellent store frontage. Downstairs could be three separate businesses with three front door entrances and the potential to build four apartments with a projected value at $1.6M ++ *** Seller motivated and found a replacement property.

Details

MLS#ML81804931
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1937
Days On Site169

Features

SQ Feet5,208
Building(s)1

Market Activity 93901

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Area Information
StateCA
CountyMonterey
CitySalinas
Zip Code93901
Area699 - Not Defined
Listing VS Median (in 93901)
Price:
$835,000
low | high
Med:
$699,000
66.287425149701% of Average
SqFt:
5,208
low | high
Med:
2,037
100% of Average
$ / SqFt:
$160
low | high
Med:
$352
69.374385187673% of Average
On Site:
169
low | high
Med:
59.500000
100% of Average
Listing Updated: January 18, 2021 10:58:13 PM PST
Debra Ann Demos LogoMLS Number: ML81804931
Listing Provided By:
Debra Ann Demos  of  eXp Realty of California Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.