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Investment Highlights
- Freestanding Class A office building on a 0.73-acre parcel
- Zoned Mixed Use (MU) allowing office, medical, and retail uses
- Located near Highway 101, 60 miles south of Silicon Valley, and 20 minutes from Monterey Peninsula
- Prime corner location with dominant visibility along South Main Street
- 32 onsite parking spaces providing excellent convenience for staff and visitors
- Surrounded by strong demographics and major regional employers
Executive Summary
This is a rare opportunity to acquire a freestanding Class A office property in the heart of Salinas, California. Located at 584 South Main Street, this former bank building offers ±5,352 SF of premium office space on a 0.73-acre parcel with 32 onsite parking spaces. Positioned on the prominent corner of South Main Street and Avenue A, the property benefits from exceptional visibility along Salinas’ primary north-south arterial, which sees approximately 29,000 vehicles per day.
Zoned Mixed Use (MU), the property supports a wide range of uses including office, medical, and retail, making it an ideal investment for owner-users or investors seeking flexibility and long-term value. The site’s strategic location places it just 60 miles south of Silicon Valley and 20 minutes from the Monterey Peninsula, with immediate access to Highway 101. Salinas is a thriving regional hub known as the “Salad Bowl of the World,” home to major employers such as Dole Fresh Vegetable and Salinas Valley Memorial Hospital.
With strong local demographics, high traffic counts, and a versatile zoning designation, this property offers a compelling opportunity in a dynamic market.
Zoned Mixed Use (MU), the property supports a wide range of uses including office, medical, and retail, making it an ideal investment for owner-users or investors seeking flexibility and long-term value. The site’s strategic location places it just 60 miles south of Silicon Valley and 20 minutes from the Monterey Peninsula, with immediate access to Highway 101. Salinas is a thriving regional hub known as the “Salad Bowl of the World,” home to major employers such as Dole Fresh Vegetable and Salinas Valley Memorial Hospital.
With strong local demographics, high traffic counts, and a versatile zoning designation, this property offers a compelling opportunity in a dynamic market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,352 SF
Building Class
B
Year Built
1991
Price
$4,290,710 CAD
Price Per SF
$801.70 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.73 AC
Zoning
MU - Mixed Use
Parking
32 Spaces (5.98 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 002-402-015-000 | Improvements Assessment | $965,094 CAD |
| Land Assessment | $949,898 CAD | Total Assessment | $1,914,991 CAD |
Property Taxes
Parcel Number
002-402-015-000
Land Assessment
$949,898 CAD
Improvements Assessment
$965,094 CAD
Total Assessment
$1,914,991 CAD
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584 S Main St
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