241 Main StSalinas, CA 93901

Property Details for 241 Main St

Year built

1921

Lot size

0.25 AC

Property size (Sq ft)

9,767 SF

Property type

Theaters & concert halls

APN

002-234-031-000

APU

2234031000

Description

Embrace a rare opportunity to acquire the historic Fox Theatre, a thriving Class A business and building located at 241 Main St, Salinas, CA 93901. This 9,767 sq ft property, situated on a 10,890 sq ft lot, boasts a rich history and significant potential. Built in 1921 and meticulously maintained, the theatre features updated electrical and plumbing systems, a recently repaired roof, and has undergone earthquake retrofitting. The sale includes all fixtures, furniture, and equipment (FF&E), a Type 47 liquor license (with Type 58 caterer's endorsement), and the established business, complete with bookings extending into 2025. The property is zoned MX - Mixed Use, offering versatile possibilities. With only 2 parking spaces on-site, potential buyers should consider the parking needs of the business. Financial details for the business are available upon signing a non-disclosure agreement (NDA). Located just steps from the Taylor Farms Headquarters and central to Salinas' downtown revitalization plan, this acquisition presents a unique blend of historical preservation and significant business growth potential, making it an exceptional investment opportunity. The property's APN is 002-234-031. The building consists of three units. The asking price is $4,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $3,347,793

  Hospitality

  $3,066,560

  Educational

  $2,551,342

  Medical

  $2,639,087

  Retail

  $3,968,755

Location Insight

City

Salinas

County

Monterey

State

California

Latitude

36.6747

Longitude

-121.655

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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