1. California
  2. Monterey
  3. 499 Alvarado Street
$2,700,000

499 Alvarado Street, Monterey, CA 93940

  • 7,873 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1951
  • Property Lot Size Icon10,454sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $343/sqft
  • Property List Date Icon Listed 1 year ago

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

Listing Status:
Pending
Date Added:
February 1, 2024 at 06:00AM
Listing Office:
KW Coastal Estates : 831-622-6200
Listing Agent:
Monterey Peninsula Home Team : 831-313-2289
MLS ID:
ML81953114

This listing courtesy of Monterey Peninsula Home Team, KW Coastal Estates

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Monte Vista

251 Soledad Dr, Monterey, CA, 93940

Grades KG-5

0.92 miles away

W

Walter Colton

100 Toda Vis, Monterey, CA, 93940

Grades 6-8

1.01 miles away

M

Monterey Peninsula Unified School District Community Day High School

200 Coe Ave, Seaside, CA, 93955

Grades 9-12

0.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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#ML81991701 - Baird Partnership, Inc.