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590 Del Monte Ave

Monterey, CA 93940
  • $1,299,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: ML81867652
UPDATED: 65 min ago
$1,299,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,090
    SQFT
  • $1,192
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2003
County:

School Ratings & Info

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.

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© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-12-01T06:49:29.903. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Real Estate Services.

Licensed in the State of California.
www.greaterbayarearealestate.com/homes/122647140
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590 Del Monte Ave Monterey, CA 93940

  • Price: $1,299,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 65 min ago
  • ID#: ML81867652
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,090
SQFT
$1,192
$/SQFT
2003
Built
Neighborhood:
Downtown/Fisherman Wharf
County:
Monterey
Area:
Downtown/Fisherman Wharf
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.
Exterior Features

Foundation Concrete Perimeter Garage Parking Parking AreaUncovered Parking Number Of Buildings 1 Roof Composition Sq Ft Yard 8400

Interior Features

Cooling None Heating Forced Air Sq Ft Warehouse 0 Structure Sq Ft 1090

Property Features

Accessibility Features Bathroom Features Additional Listing Info Not Applicable Business Name Harbor Dental City Limits Yes City Name Monterey Facilities Other Incorporated Yes Lot Size Area Maximum 8400.00 Meters Separate Water Present Use Medical/Dental Restrictions Other Security Features Other Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Public Utilities Water Public Zoning Pc-Planned Commmunity

© 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of The Ruiz Group of Kw Coastal Estates.


© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-12-01T06:49:29.903. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Real Estate Services.

Licensed in the State of California.
 
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