Listing by: MLSL-70010112, KW Coastal Estates
0 Beds
n/a Full bath
n/a SqFt
Pending
Prime location corner lot close to Downtown Monterey, Fisherman's Wharf, Del Monte Beach and many more desirable amenities, this site offers 8, 400sf of flat usable space with a 1, 090sf newly renovated building. Currently occupied by a dental office. Tenant has a three-year lease with an option for five more at market rate. Rents are below market due to a massive $300,000 remodel performed by the current tenant, including new sewer lateral, plumbing, electrical, roof, etc. Tenant willing to renegotiate lease terms. Upside opportunity for investor or developer. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only
Property Details | ||
|---|---|---|
| Price | $999,000 | |
| Lot Size Area | 8400 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.19 | |
| Property Type | Land | |
| Lot Description | Greenbelt,Lawn,Back Yard,Level,Pasture,Level with Street,Park Nearby,Patio Home | |
Geographic Data | ||
| County | Monterey | |
| Latitude | 36.59983 | |
| Longitude | -121.889109 | |
| Market Area | 699 - Not Defined | |
Address Information | ||
| Address | 590 Del Monte Avenue, Monterey, CA 93940 | |
| Postal Code | 93940 | |
| City | Monterey | |
| State | CA | |
| Country | United States | |
Listing Information | ||
| Listing Office | KW Coastal Estates | |
| Listing Agent | MLSL-70010112 | |
| Buyer Agency Compensation | 2.000 | |
| Buyer Agency Compensation Type | % | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
MLS Information | ||
| Days on market | 79 | |
| MLS Status | Pending | |
| Listing Date | Nov 10, 2021 | |
| Listing Last Modified | Feb 8, 2022 | |
| Tax ID | 001-704-005-000 | |
| MLS Area | 699 - Not Defined | |
| MLS # | ML81869824 | |
This information is believed to be accurate, but without any warranty.