Active
499 Alvarado ST
MONTEREY CA, 93940
$3,950,000
$501.71 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
March 14, 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
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
2/28/2024 | Price Change | $3,950,000 -15% |
Listed by KW Coastal Estates, Monterey Peninsula Home Team,
Listing Contact: 8316013284
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Data last updated 7:35 PM UTC, 3/14/2024