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$4,200,000
Est. payment /mo
4,308 Sqft Lot
UPDATED:
12/05/2024 03:42 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81987355
HOA Y/N No
Year Built 1930
Annual Tax Amount $1
Lot Size 4,308 Sqft
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 699 - Not Defined
Zoning C-1
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Concrete
Building
Water Public
Others
Tax ID 002234002000
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Listed by Joe Villanueva • Villa Nueva Properties
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