301 Main Street, Salinas

$14,750,000

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0 Bed
0 Bath
.14 Acre
0 Garage

301 Main Street in Salinas, California is an iconic six-story property located in the heart of downtown Salinas and just blocks away from the recently built +/- 100,000 square foot 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 (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.

Essential Information

MLS® #
ML81953617
Price
$14,750,000
Bathrooms
0.00
Acres
0.14
Year Built
1930
Type
Commercial Sale
Status
Active

Community Information

Address
301 Main Street
Area
699 - Not Defined
City
Salinas
County
Monterey
Zip Code
93901
Senior Community
N

Interior

Cooling
None

Exterior

Roof
Flat

School Information

District
Other

Additional Information

Date Listed
February 7th, 2024
Days on Market
85
Zoning
MX

Listing Details

Agent
Patrick Stafford
Office
Baird Partnership, Inc.
Property History
Price Reduced from $15,700,000 to $14,750,000
Price Reduced from $16,200,000 to $15,700,000
Price Reduced from $17,200,000 to $16,200,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 8:56pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.