Listed by Joe Villanueva - DRE #01715260 - Villa Nueva Properties 831-206-7832
$4,200,000 affordable loan icon Calculate Payment

16 Gabilan Street Salinas, CA 93901

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General Commercial Residence
Beds
Baths
11,341 Sq. Ft.
0.1 Acre Lot

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Last updated on 12/24/2024 8:58 PM
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. Continue reading
MLS#
ML81987355
Property Type
General Commercial
Status
Year Built
1930
Square Feet
11,341 sq. ft
Lot Size
0.1

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Listed by Joe Villanueva - DRE #01715260 - Villa Nueva Properties 831-206-7832
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 12/24/2024 8:58 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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