$1,100,000
Main Street, Salinas CA
Details
APN 002-341-007-000
Property Type Retail
Sub Type Storefront
Square Footage 5,740
Net Rentable (SqFt) 8,712
Units 2
Cap Rate 5.68%
NOI $62,500
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 0.1
Lease Expiration 01/31/2026
Lease Options Monthly to Month Lease
Pro-Forma Cap Rate 5.68%
Pro-Forma NOI $62,500
Price per SqFt $192
Broker Co-Op Yes
Class C
Year Built 1916
Year Renovated 2000
Buildings 1
Stories 1
Lot Size (SqFt) 6,250
Zoning C
Investment Type Owner/User
Tenant Credit No Credit Rating
Lease Commencement 01/01/2026
Occupancy Date 01/31/2026
Ownership 100
Sale Condition For sale by owner
2 Commercial Retail Units on Main Street in Salinas California
Marketing description
Prime Commercial Building located on Main Street in downtown Salinas. Retail Store Front. Two long term tenants. The main floor is 5,714 sq feet. The basement is 1,917 sq feet. The mezzanine is 1,063 sq feet. The total square footage is 8,712 (usable sq footage), Do Not Disturb Tenants. Two address - 350 and 354 Main Street. One APN.
Month To Month
$3,000 per unit
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,500.00
$5,208.33/mo
Valuation Metrics
0
DSCR
5.68%
Cap Rate
5.68%
ROI
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