499 Alvarado Street, MONTEREY, CA 93940 (MLS # ML81953114)

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PRICE $3,400,000 dsIDX morgage calculator
SIZE 7,873 sqft
LOT SIZE 10,237 sqft
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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

LAST UPDATED 4/30/2024 YEAR BUILT 1951
COUNTY Monterey STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Feb 27, '24 $4,600,000
Feb 27, '24 - Apr 30, '24 $3,950,000
Apr 30, '24 - Today $3,400,000


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
BUYER'S BROKERAGE COMPENSATION 2.50
HEAT Forced Air
LOT 10237 sq ft
LOT DIMENSIONS 10237.00
PARKING Off Street
SEWER Public Sewer
STORIES 2
ZONING C1
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed by Monterey Peninsula Home Team | 831-601-3284, KW Coastal Estates

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Based on information from MLSListings MLS as of 5/19/24 12:11 PM PDT. 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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