16 E Gabilan Street

Salinas, CA 93901

$4,200,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1930

calendar_month Built

Property Description

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.

Listing Information

List Price $4,200,000
Status Active
MLS ML81987355
HOA $0
Type Commercial
Year Built 1930
Lot Size 4,309
Structure Size N/A
DOM 11
Courtesy Of Villa Nueva Properties
Listing Agent Joe Villanueva DRE#01715260

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Joe Villanueva, Villa Nueva Properties 831-206-7832. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 3:42 AM 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.