The Casa Building | 158 Central Ave
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The Casa Building 158 Central Ave
3,629 SF 50% Leased Office Building Salinas, CA 93901 $1,180,000 ($325/SF)
Investment Highlights
- California registered Historic Building centrally located near Downtown Salinas
- Ideal for an investor or an owner/user
- High visibility building with private parking lot
Executive Summary
The Casa Building is a California registered Historic Building centrally located near Downtown Salinas. Originally built in 1927, the building was converted into a commercial office in the late 1980’s that features four individual office suites, each with private bathrooms, one common area ADA bathroom, and a private 11 stall parking lot. Extensive work and maintenance have been consistently completed to enhance the buildings functionality while preserving the historic charm. Currently, the two upstairs offices are occupied with lease agreements that will be transferred to the new owner and two downstairs offices were recently vacated, providing availability for immediate occupancy for an owner/user.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,629 SF
Building Class
C
Year Built/Renovated
1927/1989
Price
$1,180,000
Price Per SF
$325
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,815 SF
Building FAR
0.42
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
CO - Provide appropriately located areas for a full range of office, retail commercial, and service commercial uses.
Parking
11 Spaces (3.03 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 002-161-006-000 | Improvements Assessment | $451,063 |
| Land Assessment | $196,860 | Total Assessment | $647,923 |
PROPERTY TAXES
Parcel Number
002-161-006-000
Land Assessment
$196,860
Improvements Assessment
$451,063
Total Assessment
$647,923
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The Casa Building | 158 Central Ave
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