301 Main Street

For Sale

301 Main Street, Salinas, CA 93901

This Salinas property for sale is located at 301 Main Street. The general use of 301 Main Street is multi-family and it incorporates 39,327 square feet of class B multi-family space. The current listed sale price for 301 Main Street is $13,950,000. 301 Main Street is situated on a lot that is 6,200 square feet in size.

Contacts

Ryan C. Edwards

Mahoney & Associates

Josh Jones

Mahoney & Associates

Patrick Stafford

Mahoney & Associates

Property Details

  • Property Type Multi-Family
  • Property Size 39,327 SF
  • Units 50
  • Lot Size 6,200 SF
  • Cap Rate % 5.45
  • NOI / YR $760,275.00
  • Zoning MX
  • # of Floors 6
  • Building Class B
  • Year Built 1930
  • Year Renovated 2022
  • Date Updated May 26, 2026

Mahoney & Associates is pleased to present to the market 301 Main Street in Salinas CA. This iconic six-story property is located in the heart of downtown Salinas and just blocks away from the recently built +/- 100,000 square foot Taylor Farms Headquarters and Monterey County Superior Courthouse. The ground floor of the building is leased to Alvarado Street Brewery’s art deco styled restaurant, Alvarado on Main. Floors 2 – 6 were converted from office space in 2022 to fifty (50) residential studio apartment units. The apartments are equipped with wide-plank oak flooring, stainless steel appliances, quartz countertops, LED illuminated vanity mirrors, and spacious showers. Approximately 5,000 SF of Trex decking has been installed on the roof of the building, as well as a viewrail glass railing around the perimeter of the roof space. The building is equipped with a ButterflyMX Smart Intercom service, laundry rooms on each floor (2 washers and 2 dryers per residential floor), mail room, storage spaces (available at an additional cost), on-site manager, and internal ground floor access to the Alvarado on Main restaurant. The property has been designated historic and is part of the Mills Act Program, which provides significant property tax savings.

Basement ± 5,702 SF

First Floor ± 5,664 SF

First Floor Mezzanine ± 1,526 SF

Second - Sixth Floors ± 5,287 SF/Floor

 

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Getting around

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Location

  • City Salinas, CA
  • Neighborhood Laurel West
  • Zip Code 93901
  • Market Central Coast

Points of Interest

  • Kwik Serv

    0.14 miles

  • Central Gas

    0.21 miles

  • Marathon

    0.28 miles

  • Mobil

    0.49 miles

  • Rotten Robbie

    0.56 miles

  • Chevron

    0.60 miles

  • 76

    0.75 miles

  • Shell

    0.77 miles

  • Arco

    0.85 miles

  • Tesla

    1.28 miles

  • Parking Lot 2

    0.60 miles

  • Parking Lot 3

    0.64 miles

  • Hartnell Parking Garage

    0.71 miles

  • Parking Lot 4

    0.75 miles

  • Parking Lot 6

    0.79 miles

  • Parking Lot 5

    0.86 miles

  • Della-Rose Deli Parking

    2.09 miles

  • General Parking

    3.82 miles

  • Trailer Parking

    3.88 miles

  • Parking Lot 59

    7.61 miles

  • The Traveler's Hotel

    0.13 miles

  • Howard Johnson by Wyndham Salinas

    0.31 miles

  • Hampton Inn & Suites Salinas

    0.78 miles

  • Aloha Motel

    0.82 miles

  • Super 8 by Wyndham Salinas

    0.83 miles

  • Best Western

    0.88 miles

  • Best Western Salinas Valley Inn & Suites

    0.90 miles

  • Comfort Inn & Suites

    0.90 miles

  • Holiday Inn Express Hotel & Suites Salinas

    0.92 miles

  • El Rey Motel

    0.99 miles

  • Valley Center

    0.91 miles

  • Lucky

    1.06 miles

  • Star Market

    1.26 miles

  • Nob Hill Foods

    1.33 miles

  • Santa Fe

    1.42 miles

  • Foods Co

    1.60 miles

  • Vallarta

    1.73 miles

  • LBC Salinas

    1.89 miles

  • Grocery Outlet

    2.25 miles

  • El Rey Market

    2.35 miles

Contact 301 Main Street
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