123 Alisal StSalinas, CA 93901

Property Details for 123 Alisal St

Year built

1932

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

1,689 SF

Property type

Office properties

Property subtype

Office buildings

APN

002-221-013-000

APU

2221013000

Description

This exceptional 34,188 square foot commercial property located at 123 Alisal Street in Salinas, California presents a rare investment opportunity. Situated on a 0.85-acre lot, this historic building boasts extensive storage, roll-up doors, and a 24-space parking lot, offering remarkable versatility. Its prime downtown location directly across from the County Courthouse ensures unparalleled visibility and accessibility. The property's rich history adds to its unique appeal, making it an ideal canvas for a variety of uses. Importantly, the City of Salinas has already approved a site plan for a significant redevelopment project. This plan envisions transforming the property into a 47,700 square foot mixed-use development, incorporating 1,881 square feet of commercial space and 40 residential units. However, the property's adaptability extends beyond this approved plan

• CAP approach

  CAP return

  Valuation

  6%

  $505,787

  6.5%

  $466,880

  7%

  $433,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $471,079

  Geo Method

  $471,079

• Alternative Use

  Use

  Valuation

  Residential

  $578,931

  Hospitality

  $530,298

  Educational

  $441,202

  Medical

  $456,375

  Retail

  $686,314

Location Insight

City

Salinas

County

Monterey

State

California

Latitude

36.6746

Longitude

-121.651

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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