220 Pajaro Street

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.

Days on Market

19 days

Current Status

Active

Original Price

$650,000

List Price

$650,000

On Market Date

Mar 12, 2026

Property Type

Single Family Home

Area

72 - SS

Zip Code

93901

MLS ID

ML82038357

APN

002-231-005-000

Year Built

1917

Stories in Building

1

Possession

Negotiable

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

3

Bath

2

Parking

4

Uncovered Parking

SQ FT

1,538

SQ FT Source

Unavailable

Lot SQ FT

6,206.0

Lot Acres

0.14247 Acres

Cooling

None

Dining Room

No Formal Dining Room

Disclosures

Natural Hazard Disclosure

Family Room

No Family Room

Flooring

Carpet, Hardwood, Vinyl / Linoleum

Foundation

Concrete Perimeter

Fire Place

Living Room

Heating

Central Forced Air - Gas, Forced Air

Views

Neighborhood

Possession

Negotiable

Architectural Style

Craftsman

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.