21 Laurel Drive, Salinas, CA 93906
  • MLS#: ML81985157 ( )
  • Street Address: 21 Laurel Drive
  • Viewed: 2
  • Price: $6,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1974
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: MONTEREY
  • City: Salinas
  • Zipcode: 93906
  • Provided by: Baird Partnership, Inc.
  • Contact: Peter Peter
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 44488.00
Cooling
  1. Central Air
Heating
  1. Central
Otherexpense
  1. 3000.00
Otherincome1
  1. 0.00
Parcel Number
  1. 003271030
Professionalmanagementexpense
  1. 66130.00
Roof
  1. Tar/Gravel
Security Features
  1. Guarded
Totalexpenses
  1. 392536.00
Trash Expense
  1. 26772.00
Year Built
  1. 1974
Year Built Source
  1. Assessor
Zoning
  1. Commercial Office/ *MX