1283-1287 N Main St - Storefront Retail/Office FOR SALE


Salinas, CA 93906
$3,799,000 USD
510-304-8077
1283-1287 N Main St, Salinas, CA for Sale
$3,799,000 USD
Storefront Retail/Office - FOR SALE
1/19
null | 5.08% Cap Rate

1283-1287 N Main St
Salinas, CA 93906


HIGHLIGHTS

  • Investors have the opportunity to acquire a well-situated retail and office asset located in North Salinas.
  • Tenants enjoy a variety of retail/office suites ranging in size from 185 square feet to 1,315 square feet.
  • The subject property is just a 6-minute drive to Oldtown Salinas, home to a myriad of shopping, dining and entertainment options.
  • The subject property benefits from its close proximity to multiple transportation corridors including the US 101, CA- 183 and CA-68.

OVERVIEW

Mission Plaza is a stunning strip retail and office investment opportunity located in the thriving city of Salinas, California. Situated on two contiguous parcels of land totaling 36,200 square feet, the subject property features a gross rentable area of approximately 19,008* square feet. Mission Plaza offers 33 retail/office suites ranging in size from 185 square feet to 1,315 square feet. The subject property is within close proximity from Oldtown Salinas home to a myriad of shopping, dining and entertainment options. The neighborhood is known for its historical charm with modern appeal, featuring bustling streets lined with restaurants, boutiques, cafes, and art galleries. Residents of this neighborhood can embrace a welcoming and vibrant community, where diversity thrives and a rich cultural scene flourishes. They can experience the perfect balance between comfort and liveliness, making it a place to truly call home. Mission Plaza is within close proximity to many transportation corridors including US 101, CA-183 and CA-68. Additionally, the subject property is just a 5-minute drive from the Salinas Rail Station, where there is a proposed extension of the CalTrain line. The investment appeal of this asset is driven by Salinas' strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Monterey County, Mission Plaza presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$3,799,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

5.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

003-331-023-000

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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