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2 commercial buildings plus parking lot 14 Front St 6,630 SF 50% Leased Industrial Building Salinas, CA 93901 $2,272,562 CAD ($342.77 CAD/SF) 2.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Nearest Major Intersection traffic count 28,853+ vehicles per day
- Parking Lot/Yard
- Great Owner User Opportunity
EXECUTIVE SUMMARY
Great opportunity to own 2 buildings plus a parking lot that is centrally located and close to highway 101 freeway access. There are many possibilities such as, lease out both buildings and parking lot, possibly an owner/user in one building and lease the other building/parking lot, and/or owner/user occupying both buildings and/or parking lot. This property really could be a great investment property and/or new home base for up and coming small/medium size business. More details coming soon. 14 Front St. Salinas,CA. 93901 property consists of 2 buildings and attached parking lot. Building access is off of Commission St. Building on left with attached parking lot is known as 227 Commission St. Building on right is known as 229 Commission St.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$57,021
|
$8.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,021
|
$8.60
|
| Taxes |
$1,942
|
$0.29
|
| Operating Expenses |
$4,562
|
$0.69
|
| Total Expenses |
$6,504
|
$0.98
|
| Net Operating Income |
$50,517
|
$7.62
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $57,021 |
| Annual Per SF | $8.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $57,021 |
| Annual Per SF | $8.60 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,942 |
| Annual Per SF | $0.29 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,562 |
| Annual Per SF | $0.69 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,504 |
| Annual Per SF | $0.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $50,517 |
| Annual Per SF | $7.62 |
PROPERTY FACTS
| Price | $2,272,562 CAD | Building Class | B |
| Price Per SF | $342.77 CAD | Rentable Building Area | 6,630 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 2.22% | Year Built | 1952 |
| Property Type | Industrial | Opportunity Zone |
Yes
|
| Zoning | MAF - Mixed Arterial Frontage district provides a combination of mixed use, commercial, and small-scale non-nuisance industry. | ||
| Price | $2,272,562 CAD |
| Price Per SF | $342.77 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 2.22% |
| Property Type | Industrial |
| Building Class | B |
| Rentable Building Area | 6,630 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Opportunity Zone |
Yes |
| Zoning | MAF - Mixed Arterial Frontage district provides a combination of mixed use, commercial, and small-scale non-nuisance industry. |
AMENITIES
- Mezzanine
UTILITIES
- Lighting
- Gas
- Water
- Sewer
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 003-114-014-000 | Total Assessment | $128,396 CAD (2025) |
| Land Assessment | $29,958 CAD (2025) | Annual Taxes | $1,942 CAD ($0.29 CAD/SF) |
| Improvements Assessment | $98,438 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
003-114-014-000
Land Assessment
$29,958 CAD (2025)
Improvements Assessment
$98,438 CAD (2025)
Total Assessment
$128,396 CAD (2025)
Annual Taxes
$1,942 CAD ($0.29 CAD/SF)
Tax Year
2024
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Presented by
Steinbeck Realty, Inc.
2 commercial buildings plus parking lot | 14 Front St
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