$5,600,000

21 W Laurel DR, Salinas CA, 93906

Price per sqft$125.88

Built in1974

Property size44,488 sqft

Property typeCommercial

Overview

Sold

Listed Oct 29, 2024

Updated 2 days ago

Mahoney and Associates, as exclusive advisor, is excited to present to the market the opportunity to purchase the Laurel Plaza Shopping Center (Laurel Plaza or the Property) in Salinas, California. Located at the signalized intersection of North Main and West Laurel, the Property includes three legal parcels and approximately 44,488 square feet of building. Built in 1972, the property has been zoned Commercial Office, but is in the process of being rezoned as part of a City of Salinas General Plan Amendment to Mixed Use (MX), which would allow retail uses at the Property.Â Laurel Plaza includes 60 leasable spaces, with 13 current vacancies and 18 month-to-month leases. This opportunity provides buyers the chance to implement their lease templates and raise rents to market rates immediately on over 50% of the spaces. Current uses include professional office, dental/medical, and personal services. ****Offers to be responded to by this Friday.

Additional information

MLS^® ID: ML81985157

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 2.81 Acres

Also listed on CRMLS

Listed by Baird Partnership, Inc., Peter Baird DRE:00533485,
Listing Contact: 831-646-1919

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Data last updated 8:01 PM UTC, 9/18/2026