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Scott D. Comstock

scott@homesandwealth.com +1(559) 681-9500

Listed by Patrick Stafford • Baird Partnership, Inc., DRE#01857243

$ 13,950,000

Est. payment | -/mo

1 Bath

40,365 SqFt

Save

$ 13,950,000

Est. payment | -/mo

Save

1 Bath

40,365 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 40,365 sqft

Price per Sqft $345

MLS Listing ID ML82045778

Full Baths 1

Year Built 1930

Lot Size 6,200 Sqft

Property Sub-Type Five or More Units

Property Description

This iconic six-story property is located in the heart of downtown Salinas and just blocks away from the 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 located in the basement (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.

Location

State CA

County Monterey

Area Ss

Zoning MX

Interior

Heating Electric

Cooling None

Exterior

Parking Features No Parking

Utilities Available Public Utilities

Roof Type Flat / Low Pitch

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Restrictions Other

Tax ID 002-233-019-000

Security Features Controlled / Secured Access

Special Listing Condition Not Applicable

NEARBY SCHOOLS & PROPERTIES

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+1(559) 681-9500

scott@homesandwealth.com

Serving ALL of California, United States

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301 Main ST Salinas, CA 93901