See all 14 photos

$4,200,000

Est. payment - /mo

Save

11,341 SqFt

Active

16 E Gabilan ST Salinas, CA 93901

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Feb

Wed

Feb

Thu

Feb

Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

11/24/2024 04:00 AM

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 11,341 sqft

Price per Sqft $370

MLS Listing ID ML81987355

Originating Board MLSListings, Inc.

Year Built 1930

Lot Size 4,309 Sqft

Property Sub-Type Commercial Property

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 Ss

Zoning C-1

Interior

Heating Central Forced Air - Gas

Cooling Window / Wall Unit

Exterior

Parking Features No Parking

Utilities Available Public Utilities

Roof Type Concrete

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 002-234-002-000

Special Listing Condition Not Applicable

Listed by Joe Villanueva • Villa Nueva Properties

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA