Vacant 22 Room Hotel Is Redevelopment Opportunity For Sale

Business description

Redevelopment opportunity. Long vacant 22-room hotel in historic Chinatown in Salinas. The 2-story brick building was built in the 1930's and had 2 retail shops in front and a 1 bedroom apartment in back. The 2nd floor had 21 single rooms with shared toilets and tubs in the hall. The building is approx. 12,000 SF on 6600 SF corner lot. The zoning is MX Mixed Use. The best use would be low-income housing with retail on first floor. A contractor or developer could work together with the city redevelopment agency to renovate this unreinforced brick building & upgrade seismic work.

Property information

Living accommodation:

Previously had manger's apartment

Location:

Redevelopment area

Premises details:

Approximately 12,000 SF Brick unreinforced masonry Building on 6600 SF lot, 2 stories. Previously retail on first floor with residential hotel upstairs. This building needs major remodeling, including seismic upgrade.

Size in square feet:

12,000

Business Operation

Reasons for selling:

Too busy to renovate

Trading hours:

closed

Employees:

0

Years established:

1936

Other information

Support & training:

none

Business closed / Asset sale:

Yes