$650,000

220 Pajaro Street, Salinas, CA 93901

3 beds |
2 baths |
1,538 sqft

Single-Family Home
Built in 1917
6,207sqft lot
—— car garage
$423/sqft
Listed 22 days ago

Property Description

Rare opportunity to acquire 220 Pajaro Street, an improved mixed-use property in the core of Salinas, offering immediate usability with flexible configurations for owner-users or investors. The property benefits from a prime downtown location with strong visibility and favorable mixed-use zoning, supporting a variety of uses including retail, office, residential over commercial, or live/work configurations (buyer to verify). The existing improvements provide functional space for occupancy or income, while also offering repositioning and redevelopment potential over time. A unique opportunity exists to assemble with the adjacent parcel at 214 Pajaro Street, which is also available for purchase. Combining 214 & 220 Pajaro creates a larger, more efficient development site enhancing scale, design flexibility, and long-term value potential. Assemblage opportunities in the downtown corridor are limited and difficult to replicate. 220 Pajaro is well-suited for investors, developers, or owner-users seeking an income-producing asset with additional upside potential. Pricing: Property is priced with consideration to its location, existing improvements, income potential, and assemblage value. Seller will prioritize qualified buyers with strong financial capacity and clean terms.

Listing Status:: Active
Date Added:: March 12, 2026
Data Last Updated:: April 3, 2026 at 7:16AM
Listing Office:: Coldwell Banker Realty : (831) 626-2221
Listing Agent:: Ric Morrison : 831-809-3419
MLS ID:: ML82038357

Flooring: CarpetWood
A/C: None
Heating: Forced Air
Fireplace: Living RoomFireplace

Style: Craftsman
Parking: UncoveredParking spaces: 4

Roofing: Composition
General: 1Concrete Perimeter

Originating MLS: CRMLS_MLSL
School District: Other
County: Monterey

Zoning: Mixed Use002231005000
View: NeighborhoodView

Water: Public
Sewer: Public Sewer

Source: CRMLS_MLSL

This listing courtesy of Ric Morrison , Coldwell Banker Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Roosevelt Elementary School

120 Capitol St, Salinas, CA, 93901

Grades KG-6

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.