$750,000

220 Pajaro Street, Salinas, CA 93901

3 beds |
2 baths |
1,538 sqft

Single-Family Home
Built in 1917
6,207sqft lot
—— car garage
$488/sqft
Listed 3 months 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:: July 5, 2026 at 7:17AM
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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