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Listed by Eddie Guajardo, DRE #02056453 • eXp Realty of California Inc
$3,100,000
Est. payment /mo
8,286 SqFt
Active
6 S Wood ST Salinas, CA 93905
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Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 8,286 sqft
Price per Sqft $374
MLS Listing ID ML82020072
Year Built 1964
Lot Size 0.359 Acres
Property Sub-Type Commercial Property
Source MLSListings, Inc.
Property Description
Now available: a rare opportunity to acquire a well-maintained 25-unit boutique motel in the heart of Salinas, California. This well-maintained, two-story motel features an on-site office with the owners' living quarters, including 2 bedrooms, 2 bathrooms, a spacious kitchen & family room combo, and a separate living room. Recent upgrades to the entire building include double-pane windows throughout, a 400-amp electrical system, updated plumbing with a water softening system, an oversized water heater with room for expansion, and ongoing regularly scheduled maintenance of each unit. The roof was serviced in 2014, and the property was fumigated both recently and historically. Excellent opportunity for investors and operators exploring H-2A/ Extended-Stay Housing. The City of Salinas has approved an Extended Stay Program, creating added potential for farm labor housing and workforce accommodations. This property presents a unique opportunity to capitalize on the growing demand for agricultural workforce lodging within the Salinas Valley. - The seller is open to carrying a portion of the purchase price for qualified buyers. Attractive terms and a flexible structure may be considered.
Location
State CA
County Monterey
Area Es-66
Zoning CR-FG5
Interior
Heating Other
Cooling Window / Wall Unit
Flooring Carpet, Tile
Exterior
Parking Features Electric Car Hookup, Parking Area
Garage Spaces 25.0
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 004-061-036-000
Special Listing Condition Not Applicable
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