14
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$4,200,000
Est. payment /mo
11,341 SqFt
Active
16 E Gabilan ST Salinas, CA 93901
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UPDATED:
11/24/2024 04:00 AM
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 11,341 sqft
Price per Sqft $370
MLS Listing ID ML81987355
Year Built 1930
Lot Size 4,309 Sqft
Property 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.
Location
State CA
County Monterey
Area Ss
Building/Complex Name Traveler's Hotel
Zoning C-1
Interior
Heating Central Forced Air - Gas
Cooling Window / Wall Unit
Exterior
Parking Features No Parking
Utilities Available Public Utilities
Roof Type Concrete
Present Use Hotel/Motel,Mixed,Retail
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Restrictions Parking Restrictions
Tax ID 002-234-002-000
Security Features None
Special Listing Condition Not Applicable
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Listed by Joe Villanueva • Villa Nueva Properties
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