301 Main Street Salinas, CA $ 14,250,000
301 Main Street
$ 14,250,000
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301 Main Street

Salinas, CA, 93901
$ 14,250,000
Baths0.0 Sq 40,365

Monthly Estimate*

$ 94,710

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Studio

Commercial Property for sale in Salinas, CA

for $14,250,000. This 40,365 square foot building was built in 1930 on a lot size of 0.142332.

301 Main Street in Salinas, California is an iconic six-story property located in the heart of downtown Salinas and just blocks away from the recently built +/- 100,000 square foot Taylor Farms Headquarters and Monterey County Superior Courthouse. The ground floor of the building is leased to Alvarado Street Brewerys art deco styled restaurant, Alvarado on Main. Floors 2 - 6 were converted from office space in 2022 to fifty (50) residential studio apartment units. The apartments are equipped with wide-plank oak flooring, stainless steel appliances, quartz countertops, LED illuminated vanity mirrors, and spacious showers. Approximately 5,000 SF of Trex decking has been installed on the roof of the building, as well as a viewrail glass railing around the perimeter of the roof space. The building is equipped with a ButterflyMX Smart Intercom service, laundry rooms on each floor (2 washers and 2 dryers per residential floor), mail room, storage spaces (available at an additional cost), on-site manager, and internal ground floor access to the Alvarado on Main restaurant. The property has been designated historic and is part of the Mills Act Program, which provides significant property tax savings.

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Commercial Active

Price

$ 14,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.142332

Year Built

1930

Town/City

Salinas

County/Region

Monterey

MLS | Web ID

ML81953617

Features
General
Sewer Public Sewer
Heating Other
Cooling None
Zoning MX
Year Built 1930
Property SubType Other
County Monterey
Property Type Commercial Sale
HOA / Comm Assn Y
Garage Y/N No
Status Active
City Salinas
MLS Area Listing
Lot Size Square Feet 6200
Street Name Main Street
Standard Status Active
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Exterior
Parking Features Off Site
Water Source Public
Lot Size Area 6200
Lot Size Acres 0.14
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Interior
Air Conditioning Y/N No
Heating Y/N Yes
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* Excluded Features
List By
Patrick Stafford

Listing Agent

Baird Partnership, Inc.

Broker

pstafford@mahoneycommercial.com

Email

Affordability Calculator

$94,710
Per Month
100%
0%
0%
Monthly Principal & Interest
$94,710
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
806588 Elementary School
806593 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/9/2024$14,250,000 -3.39% Price Down
4/8/2024$14,750,000 -6.05% Price Down
3/26/2024$15,700,000 -3.09% Price Down
3/5/2024$16,200,000 -5.81% Price Down
2/7/2024$17,200,000 Listed Price

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301 Main Street, Salinas, CA, 93901 is a Commercial Property for sale at $14,250,000 with 40,365 sqft and a lot size of 0.142332. 301 Main Street is a studio with 0.0 baths and was built in 1930. The property's zip code is 93901 which is in Salinas, CA