238 Capitol StSalinas, CA 93901

Property Details for 238 Capitol St

Year built

1925

Lot size

0.15 AC

Property size (Sq ft)

3,400 SF

Property type

Other commercial real estate

Description

This exceptional commercial property at 238 Capitol Street in Salinas, CA, presents a unique investment opportunity. Situated directly across from the Monterey County Courthouse, this 0.15-acre lot boasts a total of approximately 3,400 square feet of improved space. The main structure is a meticulously maintained 1,700 square foot, five-bedroom house with a full basement. This building has served successfully as office space for over a decade, offering significant adaptability for a variety of commercial uses. Adding to its versatility, a separate building on the rear of the property includes two apartments, one measuring approximately 1,150 square feet and the other approximately 550 square feet. The property's prime downtown location offers unparalleled visibility and accessibility, making it ideal for a range of businesses. The existing structures provide immediate income potential, while the substantial lot size allows for future expansion or redevelopment. This property represents a rare chance to acquire a well-maintained, mixed-use asset in a thriving central location. The combination of established office space and rental apartments provides a strong foundation for immediate return on investment, with significant upside potential for future growth. This is a truly exceptional opportunity not to be missed. The property is offered at $975,000.

Location Insight

City

Salinas

County

Monterey

State

California

Latitude

36.6735

Longitude

-121.66

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