Active

21 W Laurel DR

SALINAS CA, 93906

$6,300,000


$141.61 per sqft

Active

44,488 sqft

Commercial

Built in 1974

Listed by Baird Partnership, Inc., Peter Baird, Listing Contact: 8316461919

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.A 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.

ML81985157

MLS ID

October 29, 2024

Listed

November 4, 2024

Updated

Map

21 W Laurel DR
SALINAS CA, 93906

Interior Features

Total Stories

2


Interior Features

Elevator


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

2.81 Acres


Roof

Tar/Gravel


Sewer

Public Sewer

Other Property Details

Area Name

Northgate/Sherwood Gardens, Santa Rita


Garage

No


Parking

Off Street


Parking Total

163


View

No


County

Monterey


Pool

No


Zoning

Commercial Office/ *MX

Listing History

Date

Event

Price

11/4/2024

Active

10/29/2024

Under contract

Listed by Baird Partnership, Inc., Peter Baird,
Listing Contact: 8316461919 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Monica Wason | CA DRE# 02054902 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Monica Wason | CA DRE# 02054902 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 10:11 PM UTC, 11/4/2024

 

 

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