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Prime location corner lot close to Downtown Monterey, Fisherman's Wharf, Del Monte Beach and many more desirable amenities, this site offers 8, 400sf of flat usable space with a 1, 090sf newly renovated building. Currently occupied by a dental office. Tenant has a three-year lease with an option for five more at market rate. Rents are below market due to a massive $300,000 remodel performed by the current tenant, including new sewer lateral, plumbing, electrical, roof, etc. Tenant willing to renegotiate lease terms. 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 TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.19
Lot Size Source: GIS Calculated
Lot Size Square Feet: 8400
Original List Price: 999,000
Listing Contract Date: 2021-11-10
Listing Agreement: Exclusive Right To Sell
Parcel Number: 001-704-005-000
Lease Term: Negotiable
Source Listing Status: Pending
Source Neighborhood: 699 - Not Defined
Zoning: PC-Planned Community
Source Property Type: Land
Area: 699 - Not Defined
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
7567 Paseo Vista, Monterey, CA,93940 | $1,499,000 | -- | -- | -- | 144619 Sqft |
7415 Alturas Court, Monterey, CA,93940 | $619,000 | -- | -- | -- | 138085 Sqft |
120 Carmelito Avenue, Monterey, CA,93940 | $3,850,000 | 9 | 7 | 4,389 | 17043 Sqft |
120 Carmelito Avenue, Monterey, CA,93940 | $3,850,000 | -- | -- | 4,389 | 17043 Sqft |
1430 Munras Avenue, Monterey, CA,93940 | $950,000 | 2 | 2 | 1,148 | 9583 Sqft |
202 Pasadera Drive, Monterey, CA,93940 | $895,000 | -- | -- | -- | 55196 Sqft |
116 Via Del Milagro, Monterey, CA,93940 | $4,595,000 | 5 | 5 | 6,768 | 27190 Sqft |
414 Del Rosa Avenue, Monterey, CA,93940 | $742,000 | 2 | 1 | 1,121 | 6098 Sqft |
31 Via Castanada, Monterey, CA,93940 | $1,150,000 | 3 | 3 | 1,664 | 9148 Sqft |
Surf Way #222, Monterey, CA,93940 | $1,395,000 | 2 | 2 | 1,123 | -- |
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ByOwner last updated this listing 05/26/2024 @ 20:24
MLS: ML81869824
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.