21 W Laurel Drive

Salinas, CA 93906

$6,300,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1974

calendar_month Built

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.

Listing Information

List Price $6,300,000
Status Active Under Contract
MLS ML81985157
HOA $0
Type Commercial
Year Built 1974
Lot Size 122,470
Structure Size N/A
DOM 4
Courtesy Of Baird Partnership, Inc.
Listing Agent Peter Baird DRE#00533485

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Peter Baird, Baird Partnership, Inc. 831-646-1919. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 8th, 2024 at 10:57 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.