14 Front Street Unit 16, Salinas, CA, CA 93901

$1,500,000

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List Price
$1,500,000
Price Change
▼ $150,000 1783551436
Status
ACTIVE
MLS#
ML82028801
County
Monterey
Zoning
MAF
Year Built
1952
Square Feet
6,630
Lot Size (acres)
0.26180000000000003
Days on Market
239
Property Type
Commercial

Property Description

Huge $150k price reduction, motivated sellers. Great opportunity to own 2 buildings, parking lot, and Billboard that is centrally located and close to highway 101 freeway access. There are many possibilities such as, lease out both buildings and parking lot, possibly an owner/user in one building and lease the other building/parking lot, and/or owner/user occupying both buildings and/or parking lot. Billboard lease is currently on a year to year basis with owner having option of terminating lease with 90 day notice. This property offers a variety of investment opportunities. 14 Front St. Salinas,CA. 93901 property consists of 2 buildings and attached parking lot, & billboard. Building access is off of C o m m i s s i o n St. 227 & 229 C o m m i s s i o n St. 227 Currently leased at $1,750 per month with rent increase to $3,500 beginning 8-1-26. 229 is currently vacant.

Additional Information

Taxes
$1,410
Parcel Number
003114014000
Gross Scheduled Income
$43,000
Cooling
Yes
Cooling Description
None
Roof
Flat
Parking Spaces
10
Water
Public

Listing courtesy of Listing Agent: Stephen Hernandez (stephenbhernandez@gmail.com) from Listing Office: Steinbeck Realty, Inc..

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.