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$2,950,000

Est. payment - /mo

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7,873 SqFt

Active

499 Alvarado ST Monterey, CA 93940

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Graeham Watts

graehamwatts@gmail.com +1(650) 308-4727

UPDATED:

12/11/2024 05:43 PM

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 7,873 sqft

Price per Sqft $374

MLS Listing ID ML81953114

Year Built 1951

Lot Size 10,237 Sqft

Property Description

Rare Landmark freestanding building in the heart of downtown Monterey with pull up parking which is very rare in Downtown Monterey. 7873 SF of Retail and office. Seller will consider financing with 20% down and approved financials. Steps to Trader Joes and Fisherman's Wharf, surrounded by 1500 Hotel Rooms and across the street from the Monterey Public Transport hub making it easily accessible by visitors and public transportation. Boasting a walk score of 90 and bike score of 80. After 40 years as the local pharmacy destination the building is vacant - perfect for a single tenant or split the ground floor for 2 retail users and use the existing water credits for apartment on the second floor. Proforma rents as a single tenant result in a 5% Cap

Location

State CA

County Monterey

Area Downtown/Fisherman Wharf

Zoning C1

Rooms

Other Rooms Office Area, Safe / Panic / Room

Interior

Heating Central Forced Air

Cooling Central Forced Air - Gas

Flooring Carpet

Exterior

Parking Features Off-Street Parking

Utilities Available Public Utilities

Roof Type Composition

Present Use Business/Professional,Medical/Dental,Retail

Building

Story 2

Foundation Concrete Slab

Sewer Sewer - Public

Water Private / Mutual

Level or Stories 2

Others

Restrictions None

Tax ID 001-574-012-000

Miscellaneous High Ceiling ,Video / Audio System

Security Features Closed Circuit Monitoring (24-hour)

Special Listing Condition Not Applicable

Listed by Monterey Peninsula Home Team • KW Coastal Estates

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Graeham Watts

Realtor | License ID: 01466876

+1(650) 308-4727

499 Alvarado ST Monterey, CA 93940

Graeham Watts

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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499 Alvarado ST