3 S Wood St - Storefront Retail/Residential FOR SALE


Salinas, CA 93905- Greater Salinas
$939,000 USD
831-455-2052
3 S Wood St, Salinas, CA for Sale
$939,000 USD
Storefront Retail/Residential - FOR SALE
1/35
null | 7.7% Cap Rate

NEW


3 S Wood St
Salinas, CA 93905
Greater Salinas


OVERVIEW

Great opportunity to own two commercial units and one residential unit. The two commercial units are currently rented as a Mexican restaurant and a hair salon. The upstairs unit has been vacant for many years and would make a great owner unit or rental. It consists of three bedrooms and one bath. There is a small unit across the hall from it that has a sink, 1/2 bath, heating, electrical for a oven and laundry hook ups. Only thing missing is a shower. This location has been in the same family for many years and once was the locals go to place for Chinese food. There is also a nice sized piece of unused land that has not been used for any financial gain but has great possible opportunity for expansion. Take a look this might just be the investment you're looking for! Upstairs unit is currently vacant and rent is estimated.

FOR SALE DETAILS

PRICE

$939,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,286 SF

ZONING

-

APN/PARCEL ID

004-052-007-000

ASK ABOUT THIS PROPERTY

Bill BackusBackus PropertiesMore Info
831-455-2052

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bill BackusBackus PropertiesMore Info
831-455-2052

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.