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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
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
Walk Score ®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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)
  • Listing ID: 32658809

  • Date on Market: 8/1/2024

  • Last Updated:

  • Address: 241 Main St, Salinas, CA 93901

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