Price Reduction
Address
590 Del Monte AVE Monterey, CA
Price
$ 1,299,000
Property Attributes
  • MLS#ML81867652
  • TypeCommercial
  • CountyMONTEREY
  • CityMonterey
  • AreaDowntown-Fisherman Wharf
  • Zip93940
  • Style
  • Price$ 1,299,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1090
  • Lot Size8,398 SqFt
Listing Provided Courtesy Of:
The Ruiz Group with KW Coastal Estates.
Data Source:
MLSListings - 40 - CA
Property Description

Located close to Downtown Monterey, Fishermans Wharf, and many more desirable amenities, this site offers 8,400sf of flat usable space with a 1,090sf building, currently occupied by a dental office. Tenant has a two-year lease with an option for five more. Rents are below market due to a massive $300,000 remodel performed by the current tenant. 2.9% Cap Rate at current rents. Upside opportunity for investor or developer. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. Please do not disturb tenants. Business is not for sale. Tenants wish to remain. Shown by appointment only.

Price History
10/21/2021 Listed $1,590,000
11/8/2021 19% - $1,299,000

General Features

# of Buildings 1
Accessibility Bathroom Features
Age 18
Business Name Harbor Dental
City MONTEREY
City Limits (y/n) Yes
Cooling None
County Monterey
Heating Forced Air
Incorporated Y/n Yes
Listing Agent State License 70010112
MLS Area Downtown/Fisherman Wharf
Present Use Medical/Dental
Property SubType Commercial Property
Property Type Commercial/Industrial
Restrictions Other
Roof Composition
Security Features Other
Special Listing Conditions Not Applicable
Status Active
Utilities Public Utilities
Water Public
Year Built 2003
Zoning Text PC-planned commmunity

Exterior Features

Building Area Total 1090
Facilities Other
Foundation Details Concrete Perimeter
Lot Acres 0.1928
Lot Size Area 8400.00
Lot Size Units Square Feet
Maximum Lot Size 8400.00
Meters Separate Water
Parking Features Parking Area, Uncovered Parking
Parking Spaces 8
Sewer/Septic Sewer - Public
Yard Sqft 8400

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 93940

Price
AVG $1.86M
$1.3M
Visits
AVG 29
8
Year Built
AVG 1963
2003
Walkscore
AVG 79
72
Data Provided by Walkscore ® not using MLS data