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First time on the market! This is a rare offering of this highly flexible 16,917 square foot commercial building just off Fremont St situated on a 29,691 square foot lot. This building is ideal for an owner/user and investors alike. Currently occupied by three tenants; however, one space is occupied by an owner and would offer possession immediately or shortly after COE. Originally constructed as 7-8 individual suites, this flexible building allows several interior suite configurations that can be utilized to create the ideal layout for various businesses or for investors. This well maintained building features a brand new PVC roof system, several tenant improvements, some individual utility metering, and a large on-site parking lot with 25 open parking stalls with a block-to-block connection from Ramona Ave to Hannon Ave.
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
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
Rare opportunity to own well performing historic building at the start of main street w/ private parking.Many long term tenants. Tenants include Super Cuts & Pacific Valley Bank. Special historic property The former Home of CA GOVERNOR ALVARADO-A native of Monterey, Alvarado served as Governor of Mexican California from December 20, 1836 to December 20, 1842. Building was damaged in storm and repair work is under way, Offered for sale with the repairs to be completed before the close of escrow, Or may consider discount and Buyer to complete repairs after close. Building is 100% occupied with long term tenants, some may be below market.
Rare opportunity to own well performing historic building at the start of main street w/ private parking.Many long term tenants. Tenants include Super Cuts & Pacific Valley Bank. Special historic property The former Home of CA GOVERNOR ALVARADO-A native of Monterey, Alvarado served as Governor of Mexican California from December 20, 1836 to December 20, 1842. Building was damaged in storm and repair work is under way, Offered for sale with the repairs to be completed before the close of escrow, Or may consider discount and Buyer to complete repairs after close. Building is 100% occupied with long term tenants, some may be below market.
The subject property located in heart of Monterey Downtown and contains a commercial building with of retail and office spaces. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, ablout 75% are occupied. Potenita for a apartment or condo development opportunity on Calle Principal Street part, may request more detail through City of Monterey.
The subject property located in heart of Monterey Downtown and contains a commercial building with of retail and office spaces. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, ablout 75% are occupied. Potenita for a apartment or condo development opportunity on Calle Principal Street part, may request more detail through City of Monterey.
Corner lot with plans for six residential units in downtown Monterey. Located at the corner of Pearl St and Tyler St, across from the Monterey Transit Center. Steps to Alvarado St and downtown Monterey, Trader Joes, Fisherman's Wharf, Monterey Harbor, and Del Monte Beach. Owner has obtained plans for a 9650 square-foot building on a 5630 square-foot lot. Pursue water through the City of Monterey or request water from the private wells owned by Seller in downtown Monterey. Plans are for a mixed use project ocean views to include a 4 bedroom, 4 bathroom 2000 sf unit, two units that are 3 bedrooms and 3 bathrooms. Designed to be beautiful apartments that look like high end condos.
Corner lot with plans for six residential units in downtown Monterey. Located at the corner of Pearl St and Tyler St, across from the Monterey Transit Center. Steps to Alvarado St and downtown Monterey, Trader Joes, Fisherman's Wharf, Monterey Harbor, and Del Monte Beach. Owner has obtained plans for a 9650 square-foot building on a 5630 square-foot lot. Pursue water through the City of Monterey or request water from the private wells owned by Seller in downtown Monterey. Plans are for a mixed use project ocean views to include a 4 bedroom, 4 bathroom 2000 sf unit, two units that are 3 bedrooms and 3 bathrooms. Designed to be beautiful apartments that look like high end condos.
Highly successful restaurant with up to 10 years on current lease situated on Alvarado Street amidst the top performing restaurants and entertainment venues. Current owner has maintained this $1m gross revenue business with high NOI annually above $250,000 pre- and post-pandemic. Established in 1990's this iconic restaurant draws locals and international visitors 365 days a year. Only qualified buyers with signed NDA will received financials and confidential information.
Prominent, free standing corner building located in the heart of Downtown Seaside. The building is approximately 3,714 sq. ft. and features 2 individual units. Situated on a large 8,000 sq. ft. lot with an onsite fenced parking lot, delivery area, and alley loading. Each unit is approximately 1,857 sq. ft., with two restrooms, and two 12 roll up doors at the back, to accommodate oversized items. The owner might entertain selling each unit separately as well as the business. Ideal for a single operator to buy and continue the business, or for an investor to purchase and rent it out.
Prominent, free standing corner building located in the heart of Downtown Seaside. The building is approximately 3,714 sq. ft. and features 2 individual units. Situated on a large 8,000 sq. ft. lot with an onsite fenced parking lot, delivery area, and alley loading. Each unit is approximately 1,857 sq. ft., with two restrooms, and two 12 roll up doors at the back, to accommodate oversized items. The owner might entertain selling each unit separately as well as the business. Ideal for a single operator to buy and continue the business, or for an investor to purchase and rent it out.
This mixed-use owner/user or investment opportunity has an approximately 5,550 SF two-story retail/office building and an approximately 1,600 SF two-story duplex (1br/1ba each) situated on +/- 9,720 SF of land with two APNs. The Seller has worked with the City of Monterey and the Monterey Peninsula Water Management District and received Planning and Building Dept. approval to convert the (currently vacant) 2nd floor of the front building into three residential units (two 2br/1ba, one 1br/1ba). The building plans are finished, but the permit has not yet been pulled. The zoning of the Lighthouse Area Specific Plan aims to create a livable community (comprised of mixed-use properties) and a revitalized destination point on Lighthouse Avenue for residents and visitors. Both commercial tenants have occupied the property for many years and have multiple years left on their leases. The ground floor of the duplex is used as storage by one of the commercial tenants and the upstairs unit of the duplex is rented at $1750 M-M.
This mixed-use owner/user or investment opportunity has an approximately 5,550 SF two-story retail/office building and an approximately 1,600 SF two-story duplex (1br/1ba each) situated on +/- 9,720 SF of land with two APNs. The Seller has worked with the City of Monterey and the Monterey Peninsula Water Management District and received Planning and Building Dept. approval to convert the (currently vacant) 2nd floor of the front building into three residential units (two 2br/1ba, one 1br/1ba). The building plans are finished, but the permit has not yet been pulled. The zoning of the Lighthouse Area Specific Plan aims to create a livable community (comprised of mixed-use properties) and a revitalized destination point on Lighthouse Avenue for residents and visitors. Both commercial tenants have occupied the property for many years and have multiple years left on their leases. The ground floor of the duplex is used as storage by one of the commercial tenants and the upstairs unit of the duplex is rented at $1750 M-M.
Slightly sloping 1.28+/- acre corner parcel is located at the NE corner of Wisteria Way & County Road 200, at the main entrance to the development. This parcel has 518'+/- frontage along Wisteria Way & Sunflower lane. The parcel has been cleared, rough graded & is in an excellent new shopping center development This convenient location is ideal to serve the needs of residents, the Minarets High School students & their parents, the high school faculty & employees, commuters from Bass Lake, Coarsegold, Fish Camp, Oakhurst, & North Fork traveling to Fresno & Madera as well as all tourist travelers traveling to or from Yosemite National Park via the Highway 41, the south entrance'' to Yosemite. The property is Zoned Planned Development District'' (PDD). The General Plan is Community Commercial.'' An Urban Market/Chevron Gas station, real estate office, dog grooming, & a food court are currently under construction in this development. The Owners Association of the project will pay for maintenance of the common area improvements including private roads, maintenance of water & sewer lines & lift station operation & repair, landscape maintenance & irrigation, & street lighting. This new shopping center development accessed by a Caltrans traffic light'' controlled intersection.
1.69+/- acre parcel with existing 14,600+/- sq. ft. nearly level, compacted pad. Additional area available for parking. Great for professional or medical office. Near Minarets High School. Excellent new shopping center development in a great location for travelers to Yosemite National Park, Bass Lake, North Fork, high sierras and serves local residents and commuters to Fresno or Madera. Zoned Planned Development District, PDD. General Plan is Community Commercial. Urban Market and Gas, real estate office, dog grooming, and food court are currently under construction. Other parcels are in escrow with pending sales. Owners Association pays common area maintenance, private roads, wastewater lift station, landscape maintenance and street lighting.
Attention investors...Check out this amazing redevelopment opportunity in Pacific Grove near Cannery Row and the Monterey Aquarium. Formerly a church, this approximately 5400 square foot building on a 6755 square foot lot is located on one of the 3 main streets leading into Pacific Grove. The sellers acquired this property approximately 3 years ago and have spent nearly $500,000 in costs and fees to get the zoning changed to allow a motel to be built on the site. The plans for the motel and vestige retail commercial space consist of a newly to be constructed back wing/section of the building that would have 3 motel units possibly 4 depending upon the size of the rooms are part of the disclosure packet. This project is ideally located just steps away from the major hotel planned at the American Tin Cannery and would boast good views of the Monterey Bay. A buyer can purchase this property and move forward with the plans including water as approved, or consider other opportunities.