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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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761767 Lighthouse Avenue,  Monterey CA, 93940

(Active)
$2,250,000
|
7,150 sqft
|
MLS# ML81954010
Last Updated: 5/17/2024 10:38 PM
Description for 761767 Lighthouse Avenue Monterey, CA 93940
This mixed-use owner/user or investment opportunity has an approximately 5,550 SF two-story retail/office building and an approximately 1,600 SF two-story duplex (1br/1ba each) situated on +/- 9,720 SF of land with two APNs. The Seller has worked with the City of Monterey and the Monterey Peninsula Water Management District and received Planning and Building Dept. approval to convert the (currently vacant) 2nd floor of the front building into three residential units (two 2br/1ba, one 1br/1ba). The building plans are finished, but the permit has not yet been pulled. The zoning of the Lighthouse Area Specific Plan aims to create a livable community (comprised of mixed-use properties) and a revitalized destination point on Lighthouse Avenue for residents and visitors. Both commercial tenants have occupied the property for many years and have multiple years left on their leases. The ground floor of the duplex is used as storage by one of the commercial tenants and the upstairs unit of the duplex is rented at $1750 M-M.
Price
$2,250,000
Monterey
7,150 (approx)
ML81954010
Active
Description
This mixed-use owner/user or investment opportunity has an approximately 5,550 SF two-story retail/office building and an approximately 1,600 SF two-story duplex (1br/1ba each) situated on +/- 9,720 SF of land with two APNs. The Seller has worked with the City of Monterey and the Monterey Peninsula Water Management District and received Planning and Building Dept. approval to convert the (currently vacant) 2nd floor of the front building into three residential units (two 2br/1ba, one 1br/1ba). The building plans are finished, but the permit has not yet been pulled. The zoning of the Lighthouse Area Specific Plan aims to create a livable community (comprised of mixed-use properties) and a revitalized destination point on Lighthouse Avenue for residents and visitors. Both commercial tenants have occupied the property for many years and have multiple years left on their leases. The ground floor of the duplex is used as storage by one of the commercial tenants and the upstairs unit of the duplex is rented at $1750 M-M.
Listing Information
Property Type: Business Opportunities, 2 Story
0.22 Acres Other 7,150 (approx)
1970 2
Public
2 Total
Neighborhood
Room Information
Interior Features
None
Other, Wall Furnace
Exterior / Lot Features
9 Parking Spaces, 0 Covered Parking Spaces,
Shingle
Commercial/Mixed-use - Li
Financial Considerations
001073003000
$0
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: James Kendall CalDRE: 02010395 - Baird Partnership, Inc.
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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 10:38 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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