21 W Laurel Drive
Salinas, CA 93906
2.81 acres | #ML81985157
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.
Property Details
- Stories2
Measurements
- Acres2.8115
Construction Details
- Property TypePurchase
Condition
- Year Built1974
Community and Neighborhood Details
- CountyMonterey
Financial Details
- Original List Price$6,300,000
- Taxes Annual$74,210
Other
- MLS #ML81985157
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Peter Baird (#ML160737)
Listing Office: Baird Partnership, Inc. (#ML37997)
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