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116 E Laurel Dr
Salinas, CA 93906
Shopping Strip - Shadow-Anchor CVS & 99¢ only · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
ABOUT 116 E LAUREL DR , SALINAS, CA 93906
Lising Retail Advisors of Marcus & Millichap are pleased to offer for sale the shopping strip located at 116 E Laurel Dr in Salinas, California. The offering consists of 21,694± SF of community retail center which sits on 2.02 acres, shadow anchored by CVS and 99¢ Only Store. Built in 1981 as a multi-tenant component to the big box anchored center, the subject property has seen the growth in the area, especially at the nearby intersection of Laurel Drive and Main Street. Both streets are heavy arterial corridors for Salinas, boasting 50,000+ vehicles passing the property each day. Besides the national anchors in the center, several retailers surrounding the property include, Starbucks, Jack in the Box, DD’s Discount, and Harbor Freight. Directly East of the subject property is the Salinas DMV, and directly South is the Salinas Sports Complex. The Salinas Sports Complex hosts numerous events each year, including Sport Tournaments, Concerts, Rodeos, and Auto Racing – pulling in large crowds from the region throughout the year. The nearly 1,000,000 SF Northridge Mall is located just 1 mile North of the Subject Property, and boasts 110 national brand restaurants, shops, and department stores.
PROPERTY TAXES
| Parcel Number | 003-241-022-000 | Improvements Assessment | $2,519,915 |
| Land Assessment | $1,931,133 | Total Assessment | $4,451,049 |
PROPERTY TAXES
