214 Pajaro St 0.15 Acres of Commercial Land Offered at $300,000 in Salinas, CA 93901

Rare opportunity to acquire two adjacent parcels in the core of Salinas, offering a strategic assemblage with both immediate utility and long-term redevelopment potential. 214 Pajaro is currently configured as a functional parking lot, while 220 Pajaro is an improved mixed-use property, creating a flexible footprint for investors, developers, or owner-users.
The properties benefit from a central location, strong visibility, and mixed-use zoning allowing for a variety of potential uses including retail, office, residential over commercial, or live/work configurations (buyer to verify). The combined site enhances development efficiency and scale, making it well-suited for an infill mixed-use project or long-term hold with repositioning potential.
This is a limited availability assemblage in a constrained downtown corridor where opportunities to control adjacent parcels are increasingly rare. The offering is best suited for experienced investors or developers who understand entitlement processes, construction costs, and value-add strategies.
Pricing: Property is priced with consideration to its location, assemblage value, and development potential. Seller is seeking qualified buyers capable of executing on the opportunity and will prioritize strong financial capacity, clean terms, and demonstrated ability to close. Offers that do not reflect the underlying value of the assemblage may not be considered.
Contact listing agent for property package and further discussion.