Listed By:
Patrick Stafford with Baird Partnership, Inc. - 831-238-3592
Address
301 Main ST, Salinas, CA
Price
$ 14,750,000
Property Attributes
  • MLS#ML81953617
  • TypeMulti-Family
  • CountyMONTEREY
  • CitySalinas
  • AreaSS
  • Zip93901
  • Style
  • Price$ 14,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage40365
  • Lot Size6,199 SqFt
Data Source:
MLSListings Inc.
Property Description

301 Main Street in Salinas, California is an iconic six-story property located in the heart of downtown Salinas and just blocks away from the recently built +/- 100,000 square foot Taylor Farms Headquarters and Monterey County Superior Courthouse. The ground floor of the building is leased to Alvarado Street Brewerys art deco styled restaurant, Alvarado on Main. Floors 2 - 6 were converted from office space in 2022 to fifty (50) residential studio apartment units. The apartments are equipped with wide-plank oak flooring, stainless steel appliances, quartz countertops, LED illuminated vanity mirrors, and spacious showers. Approximately 5,000 SF of Trex decking has been installed on the roof of the building, as well as a viewrail glass railing around the perimeter of the roof space. The building is equipped with a ButterflyMX Smart Intercom service, laundry rooms on each floor (2 washers and 2 dryers per residential floor), mail room, storage spaces (available at an additional cost), on-site manager, and internal ground floor access to the Alvarado on Main restaurant. The property has been designated historic and is part of the Mills Act Program, which provides significant property tax savings.

Price History
2/7/2024 Listed $17,200,000
3/5/2024 6% - $16,200,000
3/26/2024 4% - $15,700,000
4/8/2024 7% - $14,750,000

General Features

Heating Other
Cooling None
Utilities Public Utilities
Roof Flat / Low Pitch
Water Public
# of Buildings 1
Security Features Other
Restrictions None
Year Built 1930
Age 94
Property SubType Five or More Units
Zoning Text MX
Accessibility Elevator / Lift
County Monterey
Property Type Commercial Multi-Residential (5+ units)
Special Listing Conditions Not Applicable
Status Active
City SALINAS
MLS Area SS
Listing Agent State License 01857243

Interior Features

Unit 1 Rent 7500
Unit 2 Approx Square Footage 400
Living SqFt 40365

Exterior Features

Parking Features Off-Site Parking
Lot Size Area 6200.00
Maximum Lot Size 6200.00
Sewer/Septic Sewer - Public
Meters Master Water,Separate Electric,Separate Gas
Foundation Details Concrete Perimeter and Slab
Building Area Total 40365
Lot Acres 0.1423
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 93901

Price
AVG $8.38M
$14.75M
Visits
AVG 74
68
Data Provided by Inside Real Estate®
Year Built
AVG 1934
1930

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