$3,100,000
FOR SALEActive6 S Wood Street
Salinas CA 93905
8,286
SF
Commercial
Type
1964
Built
$374/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Now available: a rare opportunity to acquire a well-maintained 25-unit boutique motel in the heart of Salinas, California. This well-maintained, two-story motel features an on-site office with the owners' living quarters, including 2 bedrooms, 2 bathrooms, a spacious kitchen & family room combo, and a separate living room. Recent upgrades to the entire building include double-pane windows throughout, a 400-amp electrical system, updated plumbing with a water softening system, an oversized water heater with room for expansion, and ongoing regularly scheduled maintenance of each unit. The roof was serviced in 2014, and the property was fumigated both recently and historically. Excellent opportunity for investors and operators exploring H-2A/ Extended-Stay Housing. The City of Salinas has approved an Extended Stay Program, creating added potential for farm labor housing and workforce accommodations. This property presents a unique opportunity to capitalize on the growing demand for agricultural workforce lodging within the Salinas Valley. - The seller is open to carrying a portion of the purchase price for qualified buyers. Attractive terms and a flexible structure may be considered.
Property Information
Property Overview
Commercial
Property Type
Active
Status
CR-FG5
Zoning
0.3592 acres
Lot Size
8,286 SF
Square Footage
$374.13/SF
Price per SF
$3,958
Annual Tax
1,964
Year Built
2
Stories
25
Parking Total
3.02
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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CRMLS
MLS# ML82020072
Listed:
Nalren refreshed:
Last updated
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Listed by: eXp Realty of California Inc
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.