241 Main St - Fox Theater
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241 Main St - Fox Theater
9,767 SF Sports & Entertainment Building Offered at $4,500,000 in Salinas, CA 93901
Investment Highlights
- Located in the revitalized oldtown area of Salinas
- check out recent article here: https://www.montereycountynow.com/news/local_news/fox-theater-an-entertainment-venue-in-downtown-salinas-is-for-sale/a
- check out history and event schedule here: https://www.foxtheatersalinas.com/
Executive Summary
Mahoney & Associates is pleased to present to the market The Fox Theatre at 241 Main St. in Salinas, California. The Fox Theatre stands as a historic gem, presenting a unique opportunity for preservation-minded investors or organizations. Just a few hundred feet from the recently built Taylor Farms Headquarters and in the center of the City’s downtown revitalization plan, potential buyers of The Fox Theatre are not just acquiring a property; they are inheriting a piece of local history with immense potential for both business growth and community engagement. The sale will include the property, all FF&E, liquor license (Type 47 beer, wine, & liquor license with Type 58 caterer’s license endorsement), and business with current bookings through 2024 and into 2025. Business financials are available upon execution of NDA. The current owners have meticulously refurbished, cared for, and preserved the property, all while growing the business as well as the excitement about the venue. Updated electrical, plumbing, roof maintenance, roof repair, and earthquake retrofitting have all been performed. Potential Buyers can steward future development of the thriving business in addition to remaining a focal point of the Downtown Salinas Vibrancy Plan.
Property Facts
Price | $4,500,000 | Lot Size | 0.24 AC |
Price Per SF | $461 | Building Size | 9,767 SF |
Sale Type | Investment or Owner User | No. Stories | 2 |
Property Type | Sports & Entertainment | Year Built | 1921 |
Property Subtype | Theater/Concert Hall | Parking Ratio | 0.2/1,000 SF |
Building Class | C | Opportunity Zone |
Yes
|
Price | $4,500,000 |
Price Per SF | $461 |
Sale Type | Investment or Owner User |
Property Type | Sports & Entertainment |
Property Subtype | Theater/Concert Hall |
Building Class | C |
Lot Size | 0.24 AC |
Building Size | 9,767 SF |
No. Stories | 2 |
Year Built | 1921 |
Parking Ratio | 0.2/1,000 SF |
Opportunity Zone |
Yes |
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Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
Parcel Number | 002-234-031-000 | Improvements Assessment | $325,487 |
Land Assessment | $266,307 | Total Assessment | $591,794 |
PROPERTY TAXES
Parcel Number
002-234-031-000
Land Assessment
$266,307
Improvements Assessment
$325,487
Total Assessment
$591,794
zoning
Zoning Code | MX (Mixed Use) |
MX (Mixed Use) |
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241 Main St - Fox Theater
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