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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com
DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com
DRE# 01787685
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499 Alvarado Street,  Monterey CA, 93940

(Active)
$3,400,000
|
7,873 sqft
|
MLS# ML81953114
Last Updated: 5/17/2024 11:25 PM
Description for 499 Alvarado Street Monterey, CA 93940
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
Price
$3,400,000
Monterey
7,873 (approx)
ML81953114
Active
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
Listing Information
Property Type: Business Opportunities, 2 Story
0.24 Acres Other 7,873 (approx)
1951 2
Neighborhood
Room Information
Interior Features
Gas
Other, Central
Exterior / Lot Features
10 Parking Spaces, 0 Covered Parking Spaces,
Composition
C1
Driving Directions
Cross Street: Pearl St
Financial Considerations
001574012000
$1
Listing Price History

Monterey Real Estate

Monterey is located in California. Monterey, California 93940 has a population of 29,016.

The median household income in Monterey, California 93940 is $89,683. The median household income for the surrounding county is $75,274 compared to the national median of $66,222. The median age of people living in Monterey 93940 is 36 years.

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Listing Agent: Monterey Peninsul... CalDRE: 70000352 - KW Coastal Estates
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/17/2024 11:25 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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