Active

499 Alvarado ST

MONTEREY CA, 93940

$3,400,000


$431.86 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

February 1, 2024

Listed

July 13, 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

Listing History

Date

Event

Price

4/30/2024

Price Change

$3,400,000

-14%

2/28/2024

Price Change

$3,950,000

-15%

Listed by KW Coastal Estates, Monterey Peninsula Home Team,
Listing Contact: 8316013284 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Tom Werbe | CA DRE# 01482688 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Tom Werbe | CA DRE# 01482688 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 12:25 PM UTC, 7/13/2024

 

 

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