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… Read More 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. Read Less
Courtesy of Villa Nueva Properties, Joe Villanueva 831-206-7832
Listing Snapshot
Days Online
1
Last Updated
Property Type
Commercial Property
Square Ft.
11,341
Lot Size
0.1 Acres
Year Built
1930
MLS Number
ML81987355
30 Days Snapshot Of 93901
$766k
+3%
(avg) sold price
10
-9%
homes sold
25
-47%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 4309.00, Max Area Units: Square Feet, 0 yard square feet, Lot is 0.098921028466483 acres
Accessibility Features
None
Building
11,341 structure square feet, 15,000 net leasable square feet, 0 warehouse square feet, Built in 1930, Age: 94
Cooling
Window / Wall Unit
Foundation
Concrete Perimeter and Slab
Garage
No Parking
Water Features
Public
Heating
Central Forced Air - Gas
Interior Features
Minimum ceiling height: 18
Tenant Pays
None
Miscellaneous
Total expenses: 8
Property
Zoning: C-1
Roof
Concrete
Security Features
None
Taxes
Annual tax amount: $1
Utilities
Public Utilities, Master Electric, Master Gas, Master Water
Sewer
Sewer - Public
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