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$4,200,000

Est. payment - /mo

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4,308 Sqft Lot

Active

16 E Gabilan ST Salinas, CA 93901

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81987355

HOA Y/N No

Year Built 1930

Annual Tax Amount $1

Lot Size 4,308 Sqft

Property Description

VNP Commercial is pleased to present the Sale of 16 E Gabilan St in Salinas, CA. The subject property is a historic 3-story Hotel built in 1930 in Oldtown Salinas situated on a 0.10 acre lot. The ground floor consists of two Retail spaces currently occupied by a restaurant operator and a coffee shop which occupy a total of approximtely 3,479 square feet. The 2nd and 3rd floors are a total of 32 rentable rooms plus 1 on-site manager apartment unit (2bd/1ba) for approximately 8,119 square feet. The building is located in an approved Opportunity Zone in which CA State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment (please verify with your tax professional). The building is also approved for the US Department of Labor H-2A program which provides agricultural workers housing accommodations. The Hotel is conveniently located in Oldtown Salinas near restaurants, shopping, nightlife, entertainment, and heavy foot traffic. Public transportation is within walking distance to nearby bus and train stations. Please call for current financials and pricing details.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning C-1

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Roof Type Concrete

Building

Water Public

Others

Tax ID 002234002000

Listed by Joe Villanueva Villa Nueva Properties

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