Active
499 Alvarado ST
MONTEREY CA, 93940
$2,950,000
$374.70 per sqft
Active
7,873 sqft
Commercial
Built in 1951
Listed by KW Coastal Estates, Monterey Peninsula Home Team, Listing Contact: 8316013284
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
ML81953114
MLSⓇ ID
February 1, 2024
Listed
December 11, 2024
Updated
Map
499 Alvarado ST
MONTEREY CA, 93940
Interior Features
Total Stories
2
Interior Features
Carpet
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.23 Acres
Roof
Composition
Sewer
Public Sewer
Other Property Details
Area Name
Downtown/Fisherman Wharf
Garage
No
Parking
Off Street
Parking Total
10
View
No
County
Monterey
Pool
No
Zoning
C1
Listed by KW Coastal Estates, Monterey Peninsula Home Team,
Listing Contact: 8316013284
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jeremy Barrett | CA DRE# 01414802 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Jeremy Barrett | CA DRE# 01414802 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.
©2024 MLS Listing, Inc. All rights reserved. 2024
Data last updated 7:27 PM UTC, 12/11/2024