Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81985157
MLS Source
MLSListings, Inc.
Commercial Information
# Buildings / # Units
2 / 62
Parking Spaces
163
Present Use
Medical/Dental, Office
Interior Features
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Tar/Gravel
Foundation
Slab, Masonry Perimeter
Parking, School, and Other Information
Sewer
Public Sewer
Zoning
Commercial Office/ *MX
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 62 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
21 W Laurel Dr is a Commercial Sale in Salinas, CA 93906. This 44,488 square foot property sits on a 2.811 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,300,000 and was built in 1974. This address can also be written as 21 W Laurel Dr, Salinas, CA 93906.
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This listing information is up-to-date as of October 29, 2024. For the most current information, please contact Peter Baird, (831) 646-1919
