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listing
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CommercialSold
List Price $6,300,000
Sold Price $5,600,000
21 W Laurel Dr
Salinas, CA 93906
Listed by: Peter Baird from Baird Partnership, Inc., 831-646-1919
MLS: MLSListings Inc.
44,488Sq Ft
Est. Mortgage
$32,619/mo

Mahoney and Associates, as exclusive advisor, is excited to present to the market the opportunity to purchase the Laurel Plaza Shopping Center (Laurel Plaza or the Property) in Salinas, California. Located at the signalized intersection of North Main and West Laurel, the Property includes three legal parcels and approximately 44,488 square feet of building. Built in 1972, the property has been zoned Commercial Office, but is in the process of being rezoned as part of a City of Salinas General Plan Amendment to Mixed Use (MX), which would allow retail uses at the Property.  Laurel Plaza includes 60 leasable spaces, with 13 current vacancies and 18 month-to-month leases. This opportunity provides buyers the chance to implement their lease templates and raise rents to market rates immediately on over 50% of the spaces. Current uses include professional office, dental/medical, and personal services. ****Offers to be responded to by this Friday.

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Based on information from the MLSListings MLS as of 01/02/2025 09:12 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information courtesy of Baird Partnership, Inc. is subject to verification and is not guaranteed.
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