16 E Gabilan Street

Salinas , CA 93901

MLS#: ML81987355

$4,200,000

Status: Active
Listing number: ML81987355
Listing provided by: Villa Nueva Properties
Listing agent phone: None
Last update: 2 months ago
On site: 8 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1930

Sq.Footage

N/A

VNP Commercial is pleased to present the Sale of 16 E Gabilan St in Salinas, CA. The subject property is a historic 3-story Hotel built in 1930 in Oldtown Salinas situated on a 0.10 acre lot. The ground floor consists of two Retail spaces currently occupied by a restaurant operator and a coffee shop which occupy a total of approximtely 3,479 square feet. The 2nd and 3rd floors are a total of 32 rentable rooms plus 1 on-site manager apartment unit (2bd/1ba) for approximately 8,119 square feet. The building is located in an approved Opportunity Zone in which CA State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment (please verify with your tax professional). The building is also approved for the US Department of Labor H-2A program which provides agricultural workers housing accommodations. The Hotel is conveniently located in Oldtown Salinas near restaurants, shopping, nightlife, entertainment, and heavy foot traffic. Public transportation is within walking distance to nearby bus and train stations. Please call for current financials and pricing details.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.0989

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $4,200,000

  • Tax Amount

    1.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Monterey

Elementary School

Middle School

High School

Listing Courtesy of Joe Villanueva , Villa Nueva Properties

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
VNP Commercial is pleased to present the Sale of 16 E Gabilan St in Salinas, CA. The subject property is a historic 3-story Hotel built in 1930 in Oldtown Salinas situated on a 0.10 acre lot. The ground floor consists of two Retail spaces currently occupied by a restaurant operator and a coffee shop which occupy a total of approximtely 3,479 square feet. The 2nd and 3rd floors are a total of 32 rentable rooms plus 1 on-site manager apartment unit (2bd/1ba) for approximately 8,119 square feet. The building is located in an approved Opportunity Zone in which CA State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment (please verify with your tax professional). The building is also approved for the US Department of Labor H-2A program which provides agricultural workers housing accommodations. The Hotel is conveniently located in Oldtown Salinas near restaurants, shopping, nightlife, entertainment, and heavy foot traffic. Public transportation is within walking distance to nearby bus and train stations. Please call for current financials and pricing details.

16 E Gabilan Street

Message successfully sent.

What would you like to know?

Related Properties

Flex industrial building offering an exceptional owner-occupant or investment opportunity. Good visibility from Davis Road with average daily traffic of over 38,000 cars. Great access to Highways 101, 183, and 68. The 1.16 acres site is all level with 35 parking spaces including two handicapped. Asphalt paved parking lot. The building was built in 2001 and is well maintained. Eight restrooms, 3 men's, 3 women's and 2 unisex. Two roll up doors, but the building design allows for additional roll up doors if desired. ADA compliant entrances, parking spaces and restrooms. Fully insulated with fire sprinklers throughout. Ceiling height in the warehouse is 27 feet @ peak and 20 feet @ eaves. Tenant occupied, month to month, below market rents. Last lease extension expires 11/30/2025.
#ML82014553

Salinas

6 Rossi Circle

None Beds

None Baths

23,848 Sq.Ft.

$4,895,000

MLS#: ML82014553

This multifamily offering presents investors with a rare opportunity to acquire a well-located asset in the Salinas market characterized by exceptionally tight housing supply and robust long-term fundamentals. With current rents approximately 24.5% below market, the property offers significant upside potential through rent repositioning, management efficiency, or light value-add improvements. The property has received lots of upgrades in the past 4 years: 3 units have undergone major renovations, with 10 other units receiving varying levels of upgrades such as new kitchens, new tub and surround replacements (including plumbing), new kitchens with shaker cabinets, quartz countertops, etc. All electrical subpanels (18) and main electrical panels (3) have been replaced. The majority of roofing was replaced, plus new facia, gutters and downspouts. Siding replacement was done on the end unit kick-outs. The exterior received a full paint job. Most water heaters have been replaced in the last four years. Loan assumable at 3.58% interest rate with 3 years remaining. Current cap rate of 5.47% with pro forma cap rate of 8.73%!
#ML82012531

Salinas

75 N Hebbron Avenue

None Beds

None Baths

14,328 Sq.Ft.

$4,395,000

MLS#: ML82012531

739 Pajaro Street and 109 Pine Street is a well located 22-unit apartment complex in the heart of Salinas California. The property is located close to downtown Salinas near South Main Street and Salinas High School. The configuration of the complex consists of six (6) Studio units, ten (10) One Bedroom-One Bath units, four (4) Two Bedroom-One Bath units, and two (2) Two Bedroom- Two Bath units. The subject property is comprised of two separate parcel numbers and includes seven (7) carports and four (4) garage spaces.
#ML82009547

Salinas

739 Pajaro & Pine Street

None Beds

None Baths

14,656 Sq.Ft.

$4,888,888

MLS#: ML82009547

This 14-unit apartment complex delivers many investor positives which will increase your investment return. The unit mix features all two-bedroom / one-bathroom units with a $2,100 monthly average rent. Market rents are $2200 plus. Capital improvements include: new asphalt comp roof 2018, exterior painting 2018, catwalk repairs, new stainless steel stairs and handrails, security lights, complete main electric panel replacement, and individual unit water shutoff valves. Interior capital improvements include 12 remodeled units with new kitchens, appliances, flooring, and bathrooms. These capex items will reduce potential insurance premium increases, improvement requirements, and future capital investment. Exterior maintenance is minimal. The complex also has 18 off-street parking spaces.
#ML81996974

Salinas

1155 E Laurel Drive

None Beds

None Baths

11,200 Sq.Ft.

$3,990,000

MLS#: ML81996974

Searching for your new Corporate Office or Campus? RARE Atrium style with ample parking located on block adjacent to Salinas Valley Health Medical Center (Hospital.) 93901 Maple Park, South Salinas Location. Available now. Perfect for Medical, professional or corporate agricultural clients seeking a campus location. You can use each of the suites for your operations. For example, maybe a suite of offices can house separate departments like your Executive, Sales department, marketing department, Field Office, Accounting/Finance or other departments as needed. The lobby can house your own coffee bar, employee lounge and store. Or lease the unused offices to one of your supplier's companies. Your imagination and use of this amazing facility is unlimited! Buyer to verify all statements and measurements. Time to stop leasing your office, medical space and begin building your own equity as you grow your practice or business. This is perfect for medical/office use.Each of the completed available suites has 3 exam rooms. Some tenants are already medical professional use. OR LEASE Suite A 1500SF x 1.99 = $2,995 per month. PG&E prorated amongst tenants. Water - Included. 2 Year Lease SUITE B is 1500SF x 1.99 = $2,995 per month. PG&E prorated amongst tenants. Water - Included.
#ML81993939

Salinas

680 E Romie Lane

None Beds

None Baths

15,150 Sq.Ft.

$3,400,000

MLS#: ML81993939

For sale in the heart of California's agricultural Salinas Valley, 26000 Encinal Rd offers a unique 21.25-acre property across two parcels, ideal for diverse agricultural pursuits. The property includes 341,000 square feet of greenhouse space, featuring wood-frame and modern IDG structures that suit large-scale cultivation needs. A spacious 4,446 sq. ft. residence with five bedrooms and 2.5 bathrooms provides a comfortable on-site living option. Multiple outbuildings serve as flexible spaces for storage, workshops, or operational support. Previously utilized as a cannabis operation, this property is a prime opportunity for agricultural entrepreneurs or those seeking entry into the cannabis industry, given its infrastructure and expansive acreage. Located in the fertile Salinas Valley and surrounded by a thriving agricultural community, 26000 Encinal Rd is well-positioned for growth and innovation.
#ML81985159

Salinas

26000 Encinal

None Beds

None Baths

341,000 Sq.Ft.

$3,750,000

MLS#: ML81985159

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here