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835837 S. Main StreetSalinas, California CA93901

Listing IDML81804931

5,208 SqFt

$835,000

South Salinas Mix-Use Building with 9 private parking spaces or seller shall provide parking lot agreement. Detached 2 car garage/storage. Existing 4 bedrooms 1 bath unit on the second floor and can be built out to four dwelling units per the City of Salinas. Existing leases in place. Annual Gross Income $62,400.00. Cap Rate at asking price $835,000. is 5.1%!!! Great central location with excellent store frontage. Downstairs could be three separate businesses with three front door entrances and the potential to build four apartments with a projected value at $1.6M ++ *** Seller motivated and found a replacement property.
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