499 Alvarado ST, Monterey, CA 93940

$4,600,000
List Price
$4,600,000
MLS#
ML81953114
Status
ACTIVE
Property Type
com
Lot Size
10,237
Listing Area
Downtown/Fisherman Wharf
Year Built
1951

Property Description

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

Additional Information

Acres
0.24
Age
73
Amenities
High Ceiling, Video / Audio System
Cooling System
Central Forced Air - Gas
Energy Features
Double Pane Windows
Floor Covering
Carpet
Foundation
Concrete Slab
Garage Parking
Off-Street Parking
Heating System
Central Forced Air
Lot Size
10,237
Neighborhood
Downtown/Fisherman Wharf
Other Rooms
Office Area, Safe / Panic / Room
Other Utilities
Public Utilities
Present Use
Business/Professional, Medical/Dental, Retail
Roof
Composition
Sewer
Sewer - Public
Special Features
Parking, Other
Unincorporated Yn
Yes
Zoning
C1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Monterey Peninsula Home Team from KW Coastal Estates. 831-601-3284

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