Description
202 Main Street is a 2-story, landmark mixed-use building in Downtown Salinas. Originally constructed in 1907 as a 1-story reinforced concrete commercial building but designed to support 2 more floors. In 1926 the Bank of Italy purchased the property and added a 2nd floor built out as professional offices with a vault and basement. The property has been meticulously maintained over the years and has recently received significant upgrades such as new exterior paint, brand new custom-made historical windows to the entire second floor, and elevator service and maintenance. The building is 100% leased with the ground floor being occupied by an antique mall on a short-term lease. The upstairs is fully leased out to a variety of office users on month-to-month leases allowing the purchaser the flexibility and upside to either convert the second floor to residential units, increase the existing rents, or occupy the building as an owner/user. The property is serviced by a 2'' water line.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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19,000SQFT
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$171$/SQFT
School Ratings & Info
Description
202 Main Street is a 2-story, landmark mixed-use building in Downtown Salinas. Originally constructed in 1907 as a 1-story reinforced concrete commercial building but designed to support 2 more floors. In 1926 the Bank of Italy purchased the property and added a 2nd floor built out as professional offices with a vault and basement. The property has been meticulously maintained over the years and has recently received significant upgrades such as new exterior paint, brand new custom-made historical windows to the entire second floor, and elevator service and maintenance. The building is 100% leased with the ground floor being occupied by an antique mall on a short-term lease. The upstairs is fully leased out to a variety of office users on month-to-month leases allowing the purchaser the flexibility and upside to either convert the second floor to residential units, increase the existing rents, or occupy the building as an owner/user. The property is serviced by a 2'' water line.
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Listing courtesy of James Kendall of Baird Partnership, Inc.: [IDXCONTACTINFORMATION].