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$5,400,000

FOR SALEActive

318 Cayuga Street

Salinas CA 93901

21,686

SF

Commercial

Type

1979

Built

$249/SF

Cost/SF

57 days on marketNalren refreshed

Listing Agent

Monterey Peninsul...

Listing Agent

DRE #: 70000352

(831) 622-6200

Brokerage: KW Coastal Estates

Location Analysis

MapProperty Location

About This Property

318 Cayuga St presents the opportunity to acquire a fully leased multi-tenant office investment in Salinas, California.The two-story office building contains apx 20,212 SF and is situated on apx 11,700 SF parcel zoned Commercial Office (CO).Currently occupied by multiple office users, providing in-place tenancy and immediate income generation.Features include a reinforced concrete foundation, structural steel frame construction, painted wood-sided exterior walls, suspended acoustical tile ceilings, passenger elevator, multiple HVAC zones, fire/smoke alarm systems, covered parking, and a recently installed solar system.Salinas serves as the county seat and regional business hub for the Central Coast, supporting a diverse economy that includes agriculture, healthcare, government services, and manufacturing.Nearby employers include Salinas Valley Memorial Hospital, County offices, and numerous private-sector businesses that contribute to sustained office demand. The offering combines stabilized occupancy, existing cash flow, and a location within an established office market.With a reported market vacancy below 2% at the time of marketing, the asset provides an opportunity to acquire an income-producing property in one of Monterey County's primary employment and business centers.

Property Information

Property Overview

Commercial

Property Type

Active

Status

CO/R

Zoning

0.2686 acres

Lot Size

21,686 SF

Square Footage

$249.01/SF

Price per SF

$70,200

Annual Tax

1,979

Year Built

3

Stories

Property Highlights

N/A Property

Prime Location with High Visibility

Location Analysis

Map

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