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Listed by Patrick Stafford • Baird Partnership, Inc.
$ 13,500,000
Est. payment | /mo
40,365 SqFt
$ 13,500,000
Est. payment | /mo
40,365 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 40,365 sqft
Price per Sqft $334
MLS Listing ID ML82045778
HOA Y/N No
Year Built 1930
Lot Size 6,200 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
This iconic six-story property is located in the heart of downtown Salinas and just blocks away from the Taylor Farms Headquarters and Monterey County Superior Courthouse. The ground floor of the building is leased to Alvarado Street Brewerys art deco styled restaurant, Alvarado on Main. Floors 2 - 6 were converted from office space in 2022 to fifty (50) residential studio apartment units. The apartments are equipped with wide-plank oak flooring, stainless steel appliances, quartz countertops, LED illuminated vanity mirrors, and spacious showers. Approximately 5,000 SF of Trex decking has been installed on the roof of the building, as well as a viewrail glass railing around the perimeter of the roof space. The building is equipped with a ButterflyMX Smart Intercom service, laundry rooms on each floor (2 washers and 2 dryers per residential floor), mail room, storage spaces located in the basement (available at an additional cost), on-site manager, and internal ground floor access to the Alvarado on Main restaurant. The property has been designated historic and is part of the Mills Act Program, which provides significant property tax savings.
Location
State CA
County Monterey
Interior
Heating Electric
Cooling None
Fireplace No
Building
Water Public
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