List Price: $650K

Listing Status: Active

Days on Market: 34

3 Bedrooms · 2 Bathrooms · 1,538 sq ft

Property Type: Residential

Year Built: 1917

Lot Size: 6,206 sq ft

MLS Number: ML82038357

About This Property

Rare opportunity to acquire 220 Pajaro Street, an improved mixed-use property in the core of Salinas, offering immediate usability with flexible configurations for owner-users or investors. The property benefits from a prime downtown location with strong visibility and favorable mixed-use zoning, supporting a variety of uses including retail, office, residential over commercial, or live/work configurations (buyer to verify). The existing improvements provide functional space for occupancy or income, while also offering repositioning and redevelopment potential over time. A unique opportunity exists to assemble with the adjacent parcel at 214 Pajaro Street, which is also available for purchase. Combining 214 & 220 Pajaro creates a larger, more efficient development site enhancing scale, design flexibility, and long-term value potential. Assemblage opportunities in the downtown corridor are limited and difficult to replicate. 220 Pajaro is well-suited for investors, developers, or owner-users seeking an income-producing asset with additional upside potential. Pricing: Property is priced with consideration to its location, existing improvements, income potential, and assemblage value. Seller will prioritize qualified buyers with strong financial capacity and clean terms.

Property Photos

Location

Coordinates: 36.6751971°N, -121.65316788°W

Listing Agent

Agent: Ric Morrison

Brokerage: Coldwell Banker Realty

License: 00954251

Presented by Belmont Brokerage Inc.

California Real Estate Brokerage — DRE #02431308

Phone: (818) 967-6311

Website: bbandm.com

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