945 Abbott StSalinas, CA 93901

Property Details for 945 Abbott St

Year built

1999

Lot size

1.11 AC

Property size (Sq ft)

4,509 SF

Property type

Gas stations

APN

002-761-015-000

APU

2761015000

Description

This exceptional ±2,500 square foot restaurant space presents a unique opportunity in the thriving Salinas, CA market. Located at the northwest corner of Abbott Street (22,624 vehicles per day) and South Sanborn Road (25,377 vehicles per day), this highly visible property benefits from its strategic position at the intersection of major thoroughfares and convenient access to Highway 101 and Highway 68 via East Blanco Road. The site is ideally situated in a high-traffic area bordering industrial and residential corridors, ensuring a consistent flow of potential customers. The property is a second-generation drive-thru restaurant, boasting existing infrastructure designed to streamline the setup for a new operator. This includes a grease trap, walk-in refrigeration, walk-in cooler, floor drains, sink hookups, shafting for a Type 1 hood, and two drive-thru windows with an eight-car stack. The property's adjacency to a high-volume Chevron gas station, along with nearby medical facilities and daily service businesses, contributes to a strong daytime population. Further enhancing the location's appeal, a new Starbucks and Circle K are slated to open soon. The zoning is commercial, and the property is located in Monterey County, within the Salinas submarket. This turnkey space offers significant potential for a variety of restaurant concepts seeking a prime location with established infrastructure. The entire 2,500 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,984,885

  6.5%

  $1,832,202

  7%

  $1,701,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,169,165

  Geo Method

  $3,169,165

• Alternative Use

  Use

  Valuation

  Residential

  $1,545,531

  Hospitality

  $1,415,698

  Educational

  $1,177,844

  Medical

  $1,218,352

  Retail

  $1,832,202

Location Insight

City

Salinas

County

Monterey

State

California

Latitude

36.658

Longitude

-121.636

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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