Property Details
About this Property
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
MLS Listing Information
MLS #
ML81953114
MLS Source
MLSListings, Inc.
Days on Site
265
Commercial Information
Parking Spaces
10
Present Use
Business/Professional, Medical/Dental, Retail
Utilities
Public Utilities
Interior Features
Flooring
Carpet
Cooling
Central Forced Air - Gas
Heating
Central Forced Air
Exterior Features
Roof
Composition
Foundation
Slab
Parking, School, and Other Information
Sewer
Public Sewer
Zoning
C1
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
499 Alvarado St is a Commercial Sale in Monterey, CA 93940. This 7,873 square foot property sits on a 10,237 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,950,000 and was built in 1951. This address can also be written as 499 Alvarado St, Monterey, CA 93940.
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This listing information is up-to-date as of December 11, 2024. For the most current information, please contact Monterey Peninsula Home Team, (831) 601-3284
