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Listed by Ric Morrison • Coldwell Banker Realty
$ 650,000
Est. payment /mo
Active
220 Pajaro Street Salinas, CA 93901
3 Beds
2 Baths
1,538 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,538 sqft
Price per Sqft $422
MLS Listing ID ML82038357
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1917
Lot Size 6,206 Sqft
Property Sub-Type Detached
Source Datashare MLSListings
Property 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
State CA
County Monterey
Interior
Heating Forced Air
Cooling None
Flooring Hardwood
Fireplaces Type Living Room
Fireplace Yes
Exterior
Private Pool false
Building
Lot Description Level
Story 1
Water Public
Architectural Style Craftsman
Schools
School District Salinas Union High, Salinas City Elementary
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