21 W Laurel DR, Salinas, CA 93906 – ML81985157 - Eric Chu

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Eric Chu

eric@keyluxestates.com +1(650) 922-7449

$6,300,000

Est. payment - /mo

44,488 SqFt

Save

UPDATED:

11/08/2024 09:42 PM

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Contingent

Purchase Type For Sale

Square Footage 44,488 sqft

Price per Sqft $141

MLS Listing ID ML81985157

Year Built 1974

Lot Size 2.812 Acres

Property Description

Mahoney and Associates, as exclusive advisor, is excited to present to the market the opportunity to purchase the Laurel Plaza Shopping Center (Laurel Plaza or the Property) in Salinas, California. Located at the signalized intersection of North Main and West Laurel, the Property includes three legal parcels and approximately 44,488 square feet of building. Built in 1972, the property has been zoned Commercial Office, but is in the process of being rezoned as part of a City of Salinas General Plan Amendment to Mixed Use (MX), which would allow retail uses at the Property. Laurel Plaza includes 60 leasable spaces, with 13 current vacancies and 18 month-to-month leases. This opportunity provides buyers the chance to implement their lease templates and raise rents to market rates immediately on over 50% of the spaces. Current uses include professional office, dental/medical, and personal services. ****Offers to be responded to by this Friday.

Location

State CA

County Monterey

Area Northgate/Sherwood Gardens, Santa Rita

Building/Complex Name Laurel Plaza

Zoning Commercial Office/ *MX

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Garage Common Parking Area, Off-Street Parking, Unassigned Spaces, Uncovered Parking

Utilities Available Master Meter

Roof Type Tar and Gravel

Present Use Medical/Dental,Office

Building

Story 2

Foundation Concrete Slab, Masonry Perimeter

Sewer Sewer - Public

Water Water On Site

Level or Stories 2

Others

Restrictions None

Tax ID 003-271-030

Security Features Closed Circuit Monitoring (24-hour),Security Guard

Special Listing Condition Not Applicable

Read Less Info

Listed by Peter Baird • Baird Partnership, Inc.

Eric Chu

Agent | License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com