499 Alvarado Street
Monterey, CA 93940
$1,650,000.00 (-35.87%)
Active for $2,950,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 10,237 sqft
| MLS | ML81953114 |
| Year Built | 1951 |
| Property Type | |
| County | Monterey |
| Status | Active |
| Active | $2,950,000 |
| Structure Size | N/A sqft |
| Lot Size | 10,237 sqft |
| Beds | N/A |
| Baths |
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 courtesy of: Monterey Peninsul..., KW Coastal Estates 831-313-2289. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Raffi Soualian
Broker Associates
Direct: 818.464.5819
Email: Email Me
DRE: 01887303
DRE #01873088
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