This iconic six-story property is located in the heart of downtown Salinas and just blocks away from the Taylor Farms Headquarters and Monterey County Superior Courthouse. The ground floor of the building is leased to Alvarado Street Brewerys art deco styled restaurant, Alvarado on Main. Floors 2 - 6 were converted from office space in 2022 to fifty (50) residential studio apartment units. The apartments are equipped with wide-plank oak flooring, stainless steel appliances, quartz countertops, LED illuminated vanity mirrors, and spacious showers. Approximately 5,000 SF of Trex decking has been installed on the roof of the building, as well as a viewrail glass railing around the perimeter of the roof space. The building is equipped with a ButterflyMX Smart Intercom service, laundry rooms on each floor (2 washers and 2 dryers per residential floor), mail room, storage spaces located in the basement (available at an additional cost), on-site manager, and internal ground floor access to the Alvarado on Main restaurant. The property has been designated historic and is part of the Mills Act Program, which provides significant property tax savings.
| MLS # | ML82045778 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 138 |
| Listing Provided By | Baird Partnership, Inc. | Patrick Stafford |
| SQ Feet | 40,365 |
|---|---|
| Units | 51 |
| Building(s) | 1 |
| Zoning | MX |
| Acreage | 0.14 |
| Cooling | None |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Flat |
|---|
| State | CA |
|---|---|
| County | Monterey |
| City | Salinas |
| Zip Code | 93901 |
| Area | 699 Not Defined |
| Listing VS Median (in 93901) | |
Price: $12,500,000 low | high Med: $1,215,000 sqft: 40,365 low | high Med: 2,629 $ / sqft: $310 low | high Med: $462 On site: 138 low | high Med: 100 | |
| State | CA |
|---|---|
| County | Monterey |
| City | Salinas |
| Zip Code | 93901 |
| Area | 699 Not Defined |
| Listing VS Median (in 93901) | |
Price: $12,500,000 low | high Med: $1,215,000 sqft: 40,365 low | high Med: 2,629 $ / sqft: $310 low | high Med: $462 On site: 138 low | high Med: 100 | |