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$3,100,000
ML82020072 MLS
Now available: a rare opportunity to acquire a well-maintained 25-unit boutique motel in the heart of Salinas, California. This well-maintained, two-story motel features an on-site office with the owners' living quarters, including 2 bedrooms, 2 bathrooms, a spacious kitchen & family room combo, and a separate living room. Recent upgrades to the entire building include double-pane windows throughout, a 400-amp electrical system, updated plumbing with a water softening system, an oversized water heater with room for expansion, and ongoing regularly scheduled maintenance of each unit. The roof was serviced in 2014, and the property was fumigated both recently and historically. Excellent opportunity for investors and operators exploring H-2A/ Extended-Stay Housing. The City of Salinas has approved an Extended Stay Program, creating added potential for farm labor housing and workforce accommodations. This property presents a unique opportunity to capitalize on the growing demand for agricultural workforce lodging within the Salinas Valley. - The seller is open to carrying a portion of the purchase price for qualified buyers. Attractive terms and a flexible structure may be considered.

6 S Wood ST, Salinas
$2,999,000
ML82035410 MLS
Exceptional opportunity to acquire a fully improved agricultural/industrial property with significant power capacity and large-scale greenhouse infrastructure. The site features a 6,500-amp electrical upgrade, making it highly suitable for energy-intensive operations including cannabis cultivation, controlled-environment agriculture, manufacturing, or specialty production. Improvements include four greenhouses totaling approximately 165,000 square feet, comprised of three separate greenhouses of approximately 34,000 square feet each and one additional greenhouse of approximately 63,000 square feet. The property also includes two warehouse buildings of approximately 1,441 sq ft and 5,320 sq ft, providing flexible space for processing, storage, distribution, or operational support. Water is supplied by a fully licensed private well, offering reliable on-site water access for agricultural or commercial use. With substantial infrastructure already in place, this property is positioned for immediate operational readiness for cannabis cultivation or a wide range of other agricultural, industrial, or commercial ventures.

20180 Spence RD, Salinas
$2,988,000
ML82037573 MLS
1157 Forest Avenue presents a rare mixed-use investment opportunity in one of the Monterey Peninsula's most desirable commercial corridors. Located directly across from Trader Joe's and within a block of Safeway and Lucky, the property benefits from exceptional visibility and daily traffic counts of approximately 17,663 vehicles. The 8,402 square-foot building sits on a large 22,651 square-foot lot and is currently home to nine tenants, including a popular pizzeria, professional service providers, a hair salon, a window showroom, and two residential one-bedroom apartments. Beyond its current income, the property offers significant upside and redevelopment potential. Under the city's updated zoning framework designed to encourage higher-density housing, the site may support redevelopment of up to 24 market-rate residential units (buyer to verify). Additional income potential exists through tenant improvements or changes in use if a cannabis retail license is secured, or if portions of the warehouse space are converted to additional residential units. This combination of stable existing income, exceptional location, and long-term development potential makes 1157 Forest Avenue a uniquely compelling investment opportunity in Pacific Grove.

1157 Forest AVE, Pacific Grove
$2,988,000
ML82037512 MLS
1157 Forest Avenue presents a rare mixed-use investment opportunity in one of the Monterey Peninsula's most desirable commercial corridors. Located directly across from Trader Joe's and within a block of Safeway and Lucky, the property benefits from exceptional visibility and daily traffic counts of approximately 17,663 vehicles. The 8,402 square-foot building sits on a large 22,651 square-foot lot and is currently home to nine tenants, including a popular pizzeria, professional service providers, a hair salon, a window showroom, and two residential one-bedroom apartments. Beyond its current income, the property offers significant upside and redevelopment potential. Under the city's updated zoning framework designed to encourage higher-density housing, the site may support redevelopment of up to 24 market-rate residential units (buyer to verify). Additional income potential exists through tenant improvements or changes in use if a cannabis retail license is secured, or if portions of the warehouse space are converted to additional residential units. This combination of stable existing income, exceptional location, and long-term development potential makes 1157 Forest Avenue a uniquely compelling investment opportunity in Pacific Grove.

1157 Forest AVE, Pacific Grove
$2,500,000
ML82029590 MLS
Prime C2-zoned commercial opportunity (and business) on high-traffic South 1st Street offering nearly one acre of usable land within city limits. The property features a 1,684 SF commercial building with excellent street visibility, currently operating as a neighborhood mini mart, which is part of the sale. Additional income is generated through a tenant renting part of the property land and storage for vehicles. The mini mart presents a value-add opportunity and is ready for new ownership to unlock its full potential. Flexible C2 zoning allows for a variety of commercial uses, including retail, vehicle sales, vehicle rentals, storage, and future redevelopment opportunities. Buyer to verify all permitted uses and development potential to their satisfaction.

430 S 1st ST, King City
$2,500,000
ML82027619 MLS

910 Major Sherman LN, Monterey
$2,200,000
ML82023010 MLS
231 Main St. is located in the heart of Downtown Salinas (an Opportunity Zone), as a high visibility, high traffic location that is ideally situated for a host of retail uses. The building is currently laid out as a two-tenant building, with a skincare and body spa occupying approximately 3,600 SF, and the remaining balance of the building SF ±7,452 sqft being a large open space with high ceilings, skylights, and back of house storage. There are entrances on both Main St. and the public parking lot off of Monterey St. at the rear. At the rear section of the large open space there is another ±2,736 sqft of office space on the 2nd floor that could be converted into apartment space with the passing of the Citys Adaptive Reuse Ordinance.

231 Main ST, Salinas
$2,090,000
ML82043889 MLS
Welcome to the Soho of the Monterey Peninsula, an exceptionally rare investment and development opportunity in the heart of Sand City. Positioned in one of the Peninsula's most dynamic and evolving micro-markets, this property offers significant upside with city-supported potential for a six-story residential development. Preliminary discussions have included two levels of parking and four levels of residential housing, with flexibility for a blend of market-rate and affordable units. Sand City has expressed openness to creative site planning, including potential use of and acquisition of adjacent portions of the bordering dead-end streets to enhance access and circulation. Upper level units above the third floor are anticipated to capture some of the most compelling views in the area. The existing improvements include a multi-tenant commercial structure featuring five office suites, six upper-level storage units, four ground-level garage bays (one with accessory office space) and two additional storage units. Most spaces are currently leased on a month to month basis providing immediate income. This is an exceptional opportunity to reimagine and capitalize on one of the Monterey Peninsula's most promising urban corridors. Buyer agrees to cooperate with sellers 1031 exchange.

1801 Catalina ST, Seaside
$1,995,000
ML82052801 MLS
Fully occupied 6-unit income portfolio in one of South Salinas most desirable neighborhoods. This rare package combines 2 adjacent parcels- a duplex and a triplex with a detached single-family residence -offering investors immediate cash flow, simplified management, & long-term growth potential in a high-demand rental market. The portfolio consists of 5, 1-bed/1-bath units & one 2-bed/1-bath SFR, plus a storage shed. All six units are currently occupied by stable, long-term Section 8 tenants, providing reliable income with minimal turnover. Additional income is generated from on-site laundry facilities. Located in the sought-after Mission Park area of South Salinas, the property sits near Hartnell College, schools, bus lines, and major freeways, ensuring strong tenant demand. A shared driveway provides convenient parking for residents. Recent upgrades, including new plumbing & a new roof overlay on one building, add to the propertys appeal and reduce near-term capital needs. Whether youre a seasoned investor looking to expand your portfolio or a buyer seeking a low-maintenance, high-yield multifamily asset, this complete 6-unit package delivers immediate income & a strategic foothold in South Salinas. Sellers prefer to sell both parcels together as one investment opportunity.

215 & 219 Lang ST, Salinas
$1,995,000
ML82046180 MLS
Rare 11-unit rental property on a large lot in a convenient Salinas location. 1200 W Market Street offers a strong income-producing opportunity with a fantastic rent roll, steady renter pool, and close proximity to shopping, employment centers, dining, services, and commuter routes. The spacious lot provides ample storage, generous outdoor space, and flexibility for future value-add opportunities. With room for possible expansion and an ideal layout to explore additional development, this property presents meaningful upside potential for investors seeking both current income and long-term growth. A well-positioned multifamily asset in one of Salinas most accessible areas, offering scale, location, and future possibilities. Buyer to verify development potential, unit count, rents, zoning, and all property details.

1200 W Market CIR, Salinas
$1,950,000
ML82030928 MLS ⋅ Reese Cir BLDG.
Great location off Hwy 101 in Prunedale. The sale includes 3 Parcels consisting of 10030, 10050, and 10060 Reese Cir., present use Storage, 2 homes, and Retail Firewood. All Parcels are to be sold together approximately 2.04 Ac. combined. Zoned Light Industrial, this property has so much potential to build out to make this your dream business. Perfect for development or to live in one and rent out the additional space Parcel # 's 125-015-005-000,125-015-001-000, 125-015-005-000 are all included in the purchase.

10050 Reese CIR, Salinas
$1,940,000
ML82016567 MLS

2240-2252 N Fremont ST, Monterey
$1,899,000
ML82053079 MLS
THE GIANT ARTICHOKE PRIME HIGHWAY COMMERCIAL RESTAURANT OPPORTUNITY - Rare opportunity to acquire the iconic Giant Artichoke restaurant property located at the primary entry corridor into Castroville, California, immediately visible from Highway 156. Positioned on a highly visible corner parcel with strong traffic exposure, the property offers exceptional potential for restaurant operators, owner-users, franchise concepts, or redevelopment investors. The property consists of approximately 3,726 square feet plus an approximately 800 square foot enclosed patio situated on an 18,231 square foot commercial lot. Property Highlights: Highly visible corner location at the gateway to Castroville Immediate exposure from Highway 156 Approximately 18,231 SF commercial parcel Approximately 3,726 SF restaurant building Approximately 800 SF enclosed patio area Existing restaurant infrastructure in place Ample parking and strong accessibility Ideal for restaurant, quick-service, franchise, drive-thru conversion, or redevelopment Delivered vacant at close of escrow

11261 Merritt ST, Castroville
$1,800,000
ML82031655 MLS
The Zobel Living Trust Redwood Sanctuary is a rare offering defined by towering coastal redwoods, deep privacy, and enduring natural significance. This remarkable property encompasses a legacy forest landscape where mature and late-successional redwoods create a cathedral-like setting, rich in biodiversity and ecological continuity. The land supports vital watershed functions, carbon sequestration, and wildlife habitat, offering both intrinsic environmental value and long-term stewardship potential. Gently varied terrain, established access, and the sheer scale and maturity of the forest distinguish this holding from ordinary timber or recreational tracts. The property presents an exceptional opportunity for conservation-minded buyers, private estates, legacy investors, or institutional stewards seeking permanence, privacy, and purpose. Ownership here is not merely acquisition, but guardianshippreserving one of Californias most iconic and increasingly scarce natural assets. Suitable for conservation, passive enjoyment, or long-range land banking, the Zobel Living Trust property represents a once-in-a-generation chance to secure an intact redwood ecosystem with lasting significance. THIS TIMBER IS NOT TO BE HARVESTED OR MODIFIED IN ANY MANNER. INTENDED FOR CONSERVATION PURPOSES

Lot #9 State Hwy 1, Carmel
$1,600,000
ML82031096 MLS
Development-Ready 1.32-Acre Parcel in the Heart of Pajaro! An exceptional development opportunity awaits in the core of a thriving agricultural region. This 1.32-acre parcel features a fully entitled H2A housing project package. If your vision is townhomes, condominiums, or market-rate housing, this site provides a versatile foundation to bring your plans to life. One of the key advantages is the extensive leg work already completed on the property, which includes site assessments, entitlements, and infrastructure ground work significantly reducing pre-construction hurdles and streamlining the development process. The locations strategic importance and growth potential make it an ideal spot for a project geared toward the local workforce or broader market. Additionally, this project has CEQA approval as well as a mitigated negative declaration. Due to the agricultural nature of the entitled H2A project, financing may be available through an ag lender - also a great candidate for your own BUILDERS REMEDY project Don't miss your chance to develop in a prime location with significant upside. Contact your Realtor today to discuss this turnkey project opportunity!

124 Gonda ST, Royal Oaks
$1,500,000
ML82052662 MLS
Ideally located on a corner lot in the heart of Pacific Grove, this unique multi-family investment property has 6 units and 5 garages. There are two 1 bedroom 1 bath units and 4 studios spanning 3026 square feet of high-yield income potential. The garages provide 727 additional square feet of storage. Newer dual pane windows throughout. Recent exterior painting. Units surround a shared inner courtyard for entertaining. Just a short distance from schools, shopping, restaurants, beaches and all the charming character that Butterflytown USA has to offer. Coveted Pacific Grove school district. Don't miss this rare opportunity to add a key asset to your investment portfolio.

721 9th ST, Pacific Grove
$1,500,000
ML82028801 MLS
Huge $150k price reduction, motivated sellers. Great opportunity to own 2 buildings, parking lot, and Billboard that is centrally located and close to highway 101 freeway access. There are many possibilities such as, lease out both buildings and parking lot, possibly an owner/user in one building and lease the other building/parking lot, and/or owner/user occupying both buildings and/or parking lot. Billboard lease is currently on a year to year basis with owner having option of terminating lease with 90 day notice. This property offers a variety of investment opportunities. 14 Front St. Salinas,CA. 93901 property consists of 2 buildings and attached parking lot, & billboard. Building access is off of C o m m i s s i o n St. 227 & 229 C o m m i s s i o n St. 227 Currently leased at $1,750 per month with rent increase to $3,500 beginning 8-1-26. 229 is currently vacant.

14 Front ST 16, Salinas
$1,450,000
ML82040453 MLS

75 Gonzales River RD, Gonzales
$1,398,000
ML82024608 MLS
Discover the endless possibilities in this Commercial mixed use building in the heart of the valley, Downtown Gonzales. The property currently features a restaurant/grocery stove with a full commercial kitchen. All in the front lower portion offering a steady business set up or a great foundation for your own vision. The lower level includes two walk in freezer/refrigerators and a spacious open back area for production or storage. Two double doors for easy side access. One elevator plus a bathroom and two prep areas. Access the upper back portion through a stairway or elevator, where you'll find another open layout, plus a bathroom and shower, ready to be customized for your business or residential use. You must check with the city on any regulations for residential units. Buyers to satisfy themselves. Whether you're an entrepreneur, investor, or visionary, this property is packed with income-producing potential. Bring your creativity and make this Downtown gem your own!

326 Alta ST, Gonzales
$1,350,000
ML82039011 MLS
Monterey Medical Office Building is in the heart of Monterey's medical district. The property has an approved City of Monterey Use Permit to convert the building into a 1,464 sq. ft. residential unit and a 1,073 sq. ft. commercial office. The property is listed as 167 Davis in the tax records. The property fronts onto El Dorado Street, and the El Dorado address is 172.

167 Davis LN, Monterey
$1,299,000
ML82006514 MLS
Martella Home Farm is a 20% Partnership Investment Opportunity. The farm has 66.28 Total Cultivated acres, and the family home, which is rented. Located in 4 separate parcel numbers, it is being offered at 20% ownership. The farm has been long-term leased by a local farmer; the current lease is till 2029. This is not a farming opportunity; this is currently a passive investment opportunity. The other 80% is owned by family members. Discover a remarkable investment opportunity at Martella Home Farm, offering a 20% Partnership Investment in a thriving agricultural setting. The unique opportunity allows you to acquire a 20% ownership stake in this tranquil haven, currently leased long-term to a reputable local farmer, ensuring consistent income through 2029. This investment is specifically designed as a passive income opportunity, not a farming venture, making it an ideal choice for those looking to diversify their portfolio. The current five owners are motivated to sell due to an over-dilution of ownership stemming from family circumstances, presenting a rare chance for you to take part in this unique family legacy. With income distributions occurring biannually, you can enjoy a steady return on your investment.

1202 Castroville RD, Salinas
$1,215,000
ML82050834 MLS
140 Central Avenue is a well-positioned commercial property located in the heart of Downtown Salinas. Situated along one of the citys primary commercial corridors, the property benefits from strong visibility, convenient access, and close proximity to restaurants, retail, professional services, and municipal offices. The property offers an excellent opportunity for retail, office, service-oriented, or creative users seeking a central location within Salinas growing downtown district. Surrounded by a vibrant mix of local businesses and ongoing investment throughout the area, Central Avenue provides an ideal setting for businesses looking to establish or expand their presence in a dynamic Monterey County market.

140 Central AVE, Salinas
$1,200,000
ML82051846 MLS

1929 Del Monte BLVD, Seaside
$1,200,000
ML82043793 MLS

801 E Market ST, Salinas
$1,200,000
ML81914457 MLS
The property is zoned for most commercial/industrial uses including manufacture, repair, sale or lease of automobiles and ag vehicles or equipment. Also included is cannabis manufacturing and distribution. This property was remodeled for a Type 7 Volatile extraction facility equipped with a C1D1 and a C1D2 extractor. The previous operator was fully permitted with cannabis manufacturing, distribution, and nursery licenses. Local city government is supportive of the cannabis industry. Building has a total of 10,480 sf, 4,800 sf is the remodeled cannabis manufacturing facility, the remainder of 5,680 sf is un-remodeled warehouse. Location of the property in the center of California makes it a great distribution hub. Property has a reliable power source with a Local Community Power agency at rates less than PG&E.

101 Airport RD, King City
$1,100,000
ML82056315 MLS
119 Dewey Ave, Pacific Grove Corner Canvas, A Block and a Half From the Ocean A hard corner this close to the water rarely surfaces in Pacific Grove. At Dewey and Sloat approximately 8,487 square feet with dual street frontage this parcel sits a block and a half from the ocean, steps from Ocean View Boulevard, the Recreation Trail, Cannery Row and the Monterey Bay Aquarium. Walk Score: 89. The value here is in the dirt. A large, approximately 4,040 square foot Quonset hut structure circa 1948 offers various rooms, upper storage, and plenty of space to store and work on cars, operating today as an auto repair garage that generates holding income while a buyer pursues entitlements. Attention Car Week enthusiasts: instant storage for 12 or more vehicles, or create your own "car condo" garage that pays for itself while your architect draws. Consider it a placeholder: a corner lot awaiting a well-designed new project in one of the Peninsula's most protected coastal enclaves. Family-held since 1969. Bring your vision. Zoned C-2. No representation is made regarding permitted uses, density or variances; buyer to investigate with the City of Pacific Grove.

119 Dewey AVE, Pacific Grove
$1,100,000
ML82028684 MLS
Prime Commercial Building located on Main Street in downtown Salinas. Retail Store Front. Two long term tenants. The main floor is 5,714 sq feet. The basement is 1,917 sq feet. The mezzanine is 1,063 sq feet. The total square footage is 8,712 (usable sq footage), Do Not Disturb Tenants. Two address - 350 and 354 Main Street. One APN.

350 Main ST, Salinas
$1,050,000
ML82056452 MLS
This South Salinas 1,860 sq. ft. stand-alone, single-level office building sits on a 6214 sq. ft. lot. This office building boasts a triple plus: Location, Visibility, and Parking! Other amenities include a private multi-car parking lot, a showroom with line-of-sight street views and access, a large oversized showroom, 4 private offices, and an inside storage/utility room. The property also has 2 bathrooms, a rear door for parking lot ingress and egress, two exterior storage spaces, and a huge lighted display banner on the exterior fascia.

729 S Main ST, Salinas
$1,025,000
ML82052428 MLS
221 Griffin St is an excellent opportunity for an owner/user for a small, clean industrial/commercial property in South Salinas. Zoned IGC with the City of Salinas, which provides a multitude of uses of ranging from retail, wholesale and services including the current use of automotive repair. The building features a private and secured parking area, a ground floor layout of 2,394 square feet with high ceilings and an efficient layout design, a 14-foot-high roll up door, a 725 square foot mezzanine for additional storage, plus a private office and restroom. Several components have been replaced including new electrical, roof, bathroom fixtures and drywall. Opportunities for quality commercial/industrial properties do not come around frequently, so if you are a business owner or investor looking for a property with parking and in a visible location, be sure to check this one out.

221 Griffin ST, Salinas
$995,000
ML82040380 MLS
Fantastic opportunity to own this 3770 sqft office building with approx 800 sqft basement(not included in sqft) in great downtown location in South Salinas. The building is split into two units with one tenant using approx 1500 sqft of space and paying $1950 per month. The other side is approx 2270sqft(with 800sqft basement) and will be delivered vacant for a perfect owner-user opportunity. The larger unit has multiple private office spaces, a conference room, kitchen area, private bathroom, private outdoor courtyard and plenty of storage areas. The smaller unit has beautiful hardwood flooring, kitchen, private bathroom and storage room. The overall condition of the building is good with updates in recent years including new roof, new windows, new flooring and new paint. This is a great opportunity for an owner/user or as a solid cash flowing investment by renting out both sides. There are 12 parking spaces on site and on street parking located nearby. Located near the heart of downtown Salinas and walking distance to shops and restaurants. Over 1000+ cars per day pass by this property. If you are looking for a great investment opportunity you've just found it!

109 E Alisal ST, Salinas

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