$2,950,000
499 Alvarado ST Monterey, CA 93940
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$2,950,000
Est. payment /mo
10,236 Sqft Lot
Price Dropped by $450K
499 Alvarado ST Monterey, CA 93940
UPDATED:
11/06/2024 12:42 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81953114
HOA Y/N No
Year Built 1951
Annual Tax Amount $1
Lot Size 10,236 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 699 - Not Defined
Zoning C1
Interior
Heating Central
Cooling Gas
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 10
Building
Story 2
Others
Tax ID 001574012000
Listed by Monterey Peninsul... • KW Coastal Estates
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