318 Cayuga ST, Salinas, CA 93901
- $5,400,000
Listed by Monterey Peninsula Home Team, 831-594-3290 from KW Coastal Estates
(If provided) CoList: from
- List Price
- $5,400,000
- MLS#
- ML82060826
- Status
- ACTIVE
- Lot Size
- 11,700
- Listing Area
- Mission Park
- Year Built
- 1979
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.
Additional Information
- Cooling System
- Central AC
- Floor Covering
- Carpet, Laminate
- Foundation
- Concrete Slab
- Garage Parking
- Covered Parking, Off-Street Parking, On Street, Parking Area
- Heating System
- Central Forced Air
- Lot Size
- 11,700
- Neighborhood
- Mission Park
- Other Utilities
- Public Utilities
- Present Use
- Business/Professional, Office
- Roof
- Tar and Gravel
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- CO/R
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