27 John Street is a 16,570 square foot parcel located in Downtown Salinas. The site is located at the edge of Downtown Salinas. While there are many allowable uses for the site, the City of Salinas would prefer that the property be used for a residential and/or Mixed Use development project. The site is located in an Opportunity Zone.
The Property is located in Mixed Use - Central City Overlay (MX-CC) Zoning District. Allowable densities in this area are 80 residential units per acre plus a 4.0 allowable Floor Area Ratio for nonresidential uses. The property is exempt from the City's inclusionary/affordable housing requirements (although inclusionary/affordable housing is allowed). The City Code provides Mixed Use Building Incentives (including for parking and open space) as well as Density Bonus Incentives. In most cases residential and mixed use buildings are allowed on the site "by right" and would be processed ministerially.
The property is privately owned, and any deal to purchase or lease the land woudl need to be made with the property owner's representatives. A sales brochure from the owner's real estate broker is attached.
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