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$2,900,000
Est. payment /mo
0.29 Acres Lot
UPDATED:
01/24/2025 04:15 AM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML81924244
HOA Y/N No
Year Built 1941
Lot Size 0.290 Acres
Property Description
The subject property located in heart of Monterey Downtown and contains retail and executive offices. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, 95% are occupied. Potential for a apartment or condo development opportunity on Calle Principal Street side may request more detail through City of Monterey, and water management.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning C-2
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Flat,Foam,Tile
Present Use Commercial
Total Parking Spaces 8
Building
Story 1
Water Public
Others
Tax ID 001572003000
Virtual Tour https://tours.montereybayvirtualtours.com/s/482-Alvarado-St-Monterey-CA-93940
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Listed by Young Seon Myong • Sotheby's International Realty
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Terrance Scotton, Broker Associate
Real Estate Broker and Mortgage Broker | License ID: 01707848 NMLS: 908256
Real Estate Broker and Mortgage Broker License ID: 01707848 NMLS: 908256