16 E Gabilan Street
Salinas, CA 93901
0.10 acres | #ML81987355
Description
VNP Commercial is pleased to present the Sale of 16 E Gabilan St in Salinas, CA. The subject property is a historic 3-story Hotel built in 1930 in Oldtown Salinas situated on a 0.10 acre lot. The ground floor consists of two Retail spaces currently occupied by a restaurant operator and a coffee shop which occupy a total of approximtely 3,479 square feet. The 2nd and 3rd floors are a total of 32 rentable rooms plus 1 on-site manager apartment unit (2bd/1ba) for approximately 8,119 square feet. The building is located in an approved Opportunity Zone in which CA State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment (please verify with your tax professional). The building is also approved for the US Department of Labor H-2A program which provides agricultural workers housing accommodations. The Hotel is conveniently located in Oldtown Salinas near restaurants, shopping, nightlife, entertainment, and heavy foot traffic. Public transportation is within walking distance to nearby bus and train stations. Please call for current financials and pricing details.
Property Details
- Acres0.0989
Construction Details
- Property TypePurchase
Condition
- Year Built1930
Utilities / Energy Details
- Utility SourcePublic
Community and Neighborhood Details
- CountyMonterey
Financial Details
- Original List Price$4,200,000
- Taxes Annual$1
Other
- MLS #ML81987355
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Joe Villanueva (#ML5066060)
Listing Office: Villa Nueva Properties (#ML5009468)
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