CA > Monterey
Monterey, CA 93940,499 Alvarado ST
Monterey, CA 93940,499 Alvarado ST
Monterey, CA 93940,499 Alvarado ST
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$2,950,000
Est. payment /mo
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7,873 SqFt
Active

499 Alvarado ST Monterey, CA 93940

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Xavier Williams

Xavier Williams

+1(408) 774-4300

UPDATED:

02/07/2025 06:07 PM

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 7,873 sqft

Price per Sqft $374

MLS Listing ID ML81953114

Originating Board MLSListings, Inc.

Year Built 1951

Lot Size 10,237 Sqft

Property Sub-Type Commercial Property

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

Location

State CA

County Monterey

Area Downtown/Fisherman Wharf

Zoning C1

Interior

Heating Central Forced Air

Cooling Central Forced Air - Gas

Flooring Carpet

Exterior

Parking Features Off-Street Parking

Garage Spaces 10.0

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Private / Mutual

Others

Tax ID 001-574-012-000

Special Listing Condition Not Applicable

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Listed by Monterey Peninsula Home Team • KW Coastal Estates

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"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA

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