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$5,400,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82060826
HOA Y/N No
Year Built 1979
Annual Tax Amount $70,200
Lot Size 0.269 Acres
Property Description
318 Cayuga St presents the opportunity to acquire a fully leased multi-tenant office investment in Salinas, California.The two-story office building contains apx 20,212 SF and is situated on apx 11,700 SF parcel zoned Commercial Office (CO).Currently occupied by multiple office users, providing in-place tenancy and immediate income generation.Features include a reinforced concrete foundation, structural steel frame construction, painted wood-sided exterior walls, suspended acoustical tile ceilings, passenger elevator, multiple HVAC zones, fire/smoke alarm systems, covered parking, and a recently installed solar system.Salinas serves as the county seat and regional business hub for the Central Coast, supporting a diverse economy that includes agriculture, healthcare, government services, and manufacturing.Nearby employers include Salinas Valley Memorial Hospital, County offices, and numerous private-sector businesses that contribute to sustained office demand. The offering combines stabilized occupancy, existing cash flow, and a location within an established office market.With a reported market vacancy below 2% at the time of marketing, the asset provides an opportunity to acquire an income-producing property in one of Monterey County's primary employment and business centers.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning CO/R
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Tar/Gravel
Building
Story 3
Others
Tax ID 002322016000
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Listed by Monterey Peninsul... KW Coastal Estates #70000352
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