6 S Wood Street, Salinas, CA 93905
List Price: $3.1M
Listing Status: Active
Original List Price: $3.5M
0Days on Market: 291
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1964
Lot Size: 15,647 sq ft
Annual Property Tax: $3,958
MLS Number: ML82020072
About This Property
Now available: a rare opportunity to acquire a well-maintained 25-unit boutique motel in the heart of Salinas, California. This well-maintained, two-story motel features an on-site office with the owners' living quarters, including 2 bedrooms, 2 bathrooms, a spacious kitchen & family room combo, and a separate living room. Recent upgrades to the entire building include double-pane windows throughout, a 400-amp electrical system, updated plumbing with a water softening system, an oversized water heater with room for expansion, and ongoing regularly scheduled maintenance of each unit. The roof was serviced in 2014, and the property was fumigated both recently and historically. Excellent opportunity for investors and operators exploring H-2A/ Extended-Stay Housing. The City of Salinas has approved an Extended Stay Program, creating added potential for farm labor housing and workforce accommodations. This property presents a unique opportunity to capitalize on the growing demand for agricultural workforce lodging within the Salinas Valley. - The seller is open to carrying a portion of the purchase price for qualified buyers. Attractive terms and a flexible structure may be considered.
Listing provided by: Eddie Guajardo DRE #02056453 (888) 584-942... eddiegrealestate@gmail.com, eXp Realty of California Inc
Source: CRMLS, MLS #: ML82020072
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.