16 E Gabilan St, SALINAS, CA

$4,200,000

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11,341

Square feet

0.10

Acres

About 16 E Gabilan St

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.

Features of 16 E Gabilan St

MLS® # ML81987355
Price $4,200,000
Square Footage 11,341
Square Footage Assessor
Acres 0.10
Year Built 1930
Type Common Interest
Sub-Type Commercial Property
Status Active

Community Information

Address 16 E Gabilan St
Area South Salinas - E & F
City SALINAS
County Monterey
State CA
Zip Code 93901

Amenities

Utilities Public Utilities
Is Waterfront No

Interior

Heating Central Forced Air - Gas
Cooling Room Air Conditioner(s)
Fireplace No

Exterior

Roof Concrete Roof
Foundation Concrete Perimeter & Slab

Additional Information

Zoning C-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJoe Villanueva
OfficeVilla Nueva Properties
Contact Info831-206-7832

Listing Map

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