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