241 Main St - Sports and Entertainment FOR SALE


Salinas, CA 93901
$4,500,000 USD
831-646-1919
241 Main St, Salinas, CA for Sale
$4,500,000 USD
Sports and Entertainment - FOR SALE
1/12
null | Request Cap Rate

241 Main St
Salinas, CA 93901


HIGHLIGHTS

  • Located in the revitalized oldtown area of Salinas
  • check out history and event schedule here: https://www.foxtheatersalinas.com/
  • check out recent article here: https://www.montereycountynow.com/news/local_news/fox-theater-an-entertainment-venue-in-downtown-salinas-is-for-sale/a

OVERVIEW

Mahoney & Associates is pleased to present to the market The Fox Theatre at 241 Main St. in Salinas, California. The Fox Theatre stands as a historic gem, presenting a unique opportunity for preservation-minded investors or organizations. Just a few hundred feet from the recently built Taylor Farms Headquarters and in the center of the City’s downtown revitalization plan, potential buyers of The Fox Theatre are not just acquiring a property; they are inheriting a piece of local history with immense potential for both business growth and community engagement. The sale will include the property, all FF&E, liquor license (Type 47 beer, wine, & liquor license with Type 58 caterer’s license endorsement), and business with current bookings through 2024 and into 2025. Business financials are available upon execution of NDA. The current owners have meticulously refurbished, cared for, and preserved the property, all while growing the business as well as the excitement about the venue. Updated electrical, plumbing, roof maintenance, roof repair, and earthquake retrofitting have all been performed. Potential Buyers can steward future development of the thriving business in addition to remaining a focal point of the Downtown Salinas Vibrancy Plan.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$461 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fox Theater

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,334 SF

ZONING

MX

APN/PARCEL ID

002-234-031-000

ASK ABOUT THIS PROPERTY

Chris ToniniMahoney & AssociatesMore Info
831-646-1919

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

Chris ToniniMahoney & AssociatesMore Info
831-646-1919

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