660 Camino Aguajito, MONTEREY, CA 93940 (MLS # ML81949733)
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Location..Square footage..Interior amenities..Views and access to dowtown & freeway travel ! These are the ingredients to an exceptional multi-tenant office building ready for Owner-User purchase. Long term tenants with long term leases occupy floors 1 & 2. Third floor is now available for additional tenants or owner use. Overlooking the magnificent Lake El Estero, this creation satisfies ambiance and investment requirements. Expansive covered parking for employees & clients and situated only minutes from the marvelous city of Monterey. Both 2d and 3rd floors have private decks and present the floor to ceiling windows designed to create an exceptional atmosphere. The full solar package has eliminated electrical expenses, benefitting the owner & ecology alike. 28 total rooms give an enormous degree of flexibility in use. POSSIBLE RESIDENTIAL CONVERSION available. Total of 6 full bathrooms plus kitchen areas are further highlights of this fabulous opportunity to both own and use this marvelous property as a springboard to your next productive financial adventure. An impressive cap rate and solid income generation history makes this a natural selection for your purchase agenda. Zoned R-3-6-AP available for residential conversion on the 3rd floor of approx. 3600 square feet.
| LAST UPDATED | 7/31/2024 | YEAR BUILT | 1969 |
|---|---|---|---|
| COUNTY | Monterey | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jul 31, '24 | $3,395,000 |
|---|---|
| Jul 31, '24 - Today | $3,345,000 |
| ADDITIONAL DETAILS | |
| HEAT | Active Solar, Forced Air, Radiant |
|---|---|
| INTERIOR | Elevator |
| LOT | 0.287 acre(s) |
| LOT DIMENSIONS | 12500.00 |
| PARKING | Off Street |
| SEWER | Septic Tank |
| STORIES | 3 |
| WATER | Public |
| ZONING | R-3-6-AP |
TOTAL MONTHLY PAYMENT
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Based on information from MLSListings MLS as of 12/21/24 6:01 AM PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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