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1283-1287 N Main St 19,008 SF 94% Leased Retail Building Salinas, CA 93906 $3,799,000 ($199.86/SF) 5.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Investors have the opportunity to acquire a well-situated retail and office asset located in North Salinas.
- The subject property is just a 6-minute drive to Oldtown Salinas, home to a myriad of shopping, dining and entertainment options.
- Tenants enjoy a variety of retail/office suites ranging in size from 185 square feet to 1,315 square feet.
- The subject property benefits from its close proximity to multiple transportation corridors including the US 101, CA- 183 and CA-68.
EXECUTIVE SUMMARY
Situated on two contiguous parcels of land totaling 36,200 square feet, the subject property features a gross rentable area of approximately 19,008* square feet. Mission Plaza offers 33 retail/office suites ranging in size from 185 square feet to 1,315 square feet.
The subject property is within close proximity from Oldtown Salinas home to a myriad of shopping, dining and entertainment options. The neighborhood is known for its historical charm with modern appeal, featuring bustling streets lined with restaurants, boutiques, cafes, and art galleries. Residents of this neighborhood can embrace a welcoming and vibrant community, where diversity thrives and a rich cultural scene flourishes. They can experience the perfect balance between comfort and liveliness, making it a place to truly call home.
Mission Plaza is within close proximity to many transportation corridors including US 101, CA-183 and CA-68. Additionally, the subject property is just a 5-minute drive from the Salinas Rail Station, where there is a proposed extension of the CalTrain line.
The investment appeal of this asset is driven by Salinas' strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Monterey County, Mission Plaza presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Take advantage of this spacious storefront commercial space positioned in the heart of Salinas. Boasting excellent street visibility and large display windows along a high-traffic corridor, this property offers exceptional exposure for your business. The open and flexible floor plan provides plenty of room for retail, office, or service-oriented uses, while a private restroom within the unit adds convenience for staff and customers. Centrally located near downtown shops, dining, and major thoroughfares, this space combines accessibility, visibility, and functionality—an ideal spot to grow your business in one of Salinas’s most active commercial areas. Utilities included: water, garbage, sewer. Commercial liability insurance is required. Lease term is negotiable, but the minimum requirement is 1 year. Please call our office at 831-372-1338 to schedule a showing or if you have any questions. Amenities: Private Restroom Professionally Managed Property Ample Parking Highly Visible Location Large Storefront Windows Open Floor Plan Details: Square Feet: 1,160 Rental Terms: Rent: $2,500.00 Rent / SF: $2.16 /mo Available: 12/16/2025 Application Fee: $45.00 Security Deposit: $2,500.00 Agent information: Scott Coming DRE #1720090
| Space | Size | Space Use | Position | Available |
| 1287-A | 1,160 SF | Office/Retail | - | Jan 2026 |
1287-A
| Size |
| 1,160 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Jan 2026 |
1287-A
| Size | 1,160 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Jan 2026 |
Take advantage of this spacious storefront commercial space positioned in the heart of Salinas. Boasting excellent street visibility and large display windows along a high-traffic corridor, this property offers exceptional exposure for your business. The open and flexible floor plan provides plenty of room for retail, office, or service-oriented uses, while a private restroom within the unit adds convenience for staff and customers. Centrally located near downtown shops, dining, and major thoroughfares, this space combines accessibility, visibility, and functionality—an ideal spot to grow your business in one of Salinas’s most active commercial areas. Utilities included: water, garbage, sewer. Commercial liability insurance is required. Lease term is negotiable, but the minimum requirement is 1 year. Please call our office at 831-372-1338 to schedule a showing or if you have any questions. Amenities: Private Restroom Professionally Managed Property Ample Parking Highly Visible Location Large Storefront Windows Open Floor Plan Details: Square Feet: 1,160 Rental Terms: Rent: $2,500.00 Rent / SF: $2.16 /mo Available: 12/16/2025 Application Fee: $45.00 Security Deposit: $2,500.00 Agent information: Scott Coming DRE #1720090
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 003-331-023-000 | Total Assessment | $401,930 (2025) |
| Land Assessment | $118,658 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $283,272 (2025) | Tax Year | 2023 |
PROPERTY TAXES
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1283-1287 N Main St
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