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$ 1,995,000
Est. payment | /mo
5,853 SqFt
$ 1,995,000
Est. payment | /mo
5,853 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,853 sqft
Price per Sqft $340
MLS Listing ID ML82046180
HOA Y/N No
Year Built 1914
Lot Size 5,853 Sqft
Acres 1.07
Property Sub-Type Other
Property Description
Rare 11-unit rental property on a large lot in a convenient Salinas location. 1200 W Market Street offers a strong income-producing opportunity with a fantastic rent roll, steady renter pool, and close proximity to shopping, employment centers, dining, services, and commuter routes. The spacious lot provides ample storage, generous outdoor space, and flexibility for future value-add opportunities. With room for possible expansion and an ideal layout to explore additional development, this property presents meaningful upside potential for investors seeking both current income and long-term growth. A well-positioned multifamily asset in one of Salinas most accessible areas, offering scale, location, and future possibilities. Buyer to verify development potential, unit count, rents, zoning, and all property details.
Location
State CA
County Monterey
Zoning HDR
Interior
Heating Electric, Other
Cooling None
Fireplace No
Exterior
Handicap Access Other
Building
New Construction No
Others
Tax ID 207011020000
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Patrick Nagel
REALTOR® | Lic# 1760790