1012 Abbott St - Warehouse FOR SALE


Salinas, CA 93901
$2,995,000 USD
831-422-5327
1012 Abbott St, Salinas, CA for Sale
$2,995,000 USD
Warehouse - FOR SALE
1/16
null | Request Cap Rate

1012 Abbott St
Salinas, CA 93901


HIGHLIGHTS

  • Development opportunity on one of Salinas' busiest intersections.
  • Ideal location for Quick Service Restaurant, industrial development or an owner/user.
  • Property is located in Opportunity Zone.

OVERVIEW

First time on the market in almost 100 years! Don’t miss this rare development opportunity on one of the busiest intersections in south Salinas. Ideal location for a Quick Service Restaurant, retail or industrial development or as an owner/user. Located at the corner of East Blanco Rd and Abbott St, this property fronts on two commercial arterials that connect south Salinas to Highway 101, Highway 68 and the greater Salinas area. Situated on 1.62 acres, and zoned Industrial/General Commercial (IGC), the property features a 6,000 square foot building and a 2,440 square foot building and two billboards which provide additional income. The property is located in an Opportunity Zone, providing potential tax benefits. Due to differing ownership of the two parcels, all offers will need to be split into two purchase agreements. The total offer price will be allocated based upon pre-determined percentages, which will be provided upon request.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$355 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1012 & 1016 Abbott St

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Fast Food, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

Lighting, Gas, Water, Sewer

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.62

LAND SF

70,567

ZONING

IGC

APN/PARCEL ID

002-881-043-000

ASK ABOUT THIS PROPERTY

Greg PiiniPiini RealtyMore Info
831-422-5327

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Greg PiiniPiini RealtyMore Info
831-422-5327

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.