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220 Pajaro Street Salinas CA 93901
Price $ 650,000
Listing ID ML82038357
Status Active
Property Type Single Family Residence
County Monterey
Beds 3
Baths 2
House Size 1538
Year Built 1917
Days on website 25
Description
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.
Location
Financial Information
List Price: $ 650000
Property Features
Elementary School: Roosevelt
Flooring: Carpet, Wood
High School: Salinas
High School District: Other
Lot Features: Level
Parking Features: Uncovered
Property Condition: Fixer
Roof: Composition
View: Neighborhood
Water Source: Public
Elementary School: Roosevelt
High School: Salinas
High School District: Other
MLS Area Major: 699 - Not Defined
City: Salinas
Listed By:   Ric Morrison   Coldwell Banker Realty 
CA Lic#