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Listed by eXp Realty of California Inc
$ 3,100,000
Est. payment /mo
Active
6 S Wood Street Salinas, CA 93905
8,286 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 8,286 sqft
Price per Sqft $374
MLS Listing ID ML82020072
HOA Y/N No
Year Built 1964
Lot Size 0.359 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare MLSListings
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
Interior
Fireplace No
Exterior
Handicap Access Customized Wheelchair Accessible
Building
Water Public