1251 1st St - Storefront Retail/Residential FOR SALE


Monterey, CA 93940
$2,300,000 USD
925-494-5430
1251 1st St, Monterey, CA for Sale
$2,300,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

1251 1st St
Monterey, CA 93940


HIGHLIGHTS

  • Minutes away from Cannery Row
  • Investment opportunity
  • Prime location

OVERVIEW

Welcome to an exceptional investment opportunity featuring a prime commercial space, a four-unit apartment building with garage parking, and am additional, spacious parking lot. The commercial space, strategically located on a bustling street, boasts large windows that flood the interior with natural light, creating an inviting atmosphere for potential businesses. The four-unit apartment building offers modern living with well-appointed units making it an attractive option for renters. There are 3 single car garage spaces for storage or parking as well. This property will also include 1260 Del Monte Ave; a generous parking lot, convenient for both residents and customers. This multifaceted asset not only promises a steady income stream but also positions you in a vibrant community with endless potential for growth. Close to the Naval Postgraduate School, Fisherman’s Wharf, Del Monte beach, and downtown Monterey!

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$735 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,444 SF

ZONING

MU

APN/PARCEL ID

001-824-008-000

ASK ABOUT THIS PROPERTY

Loren YbarraeXp RealtyMore Info
925-494-5430

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Loren YbarraeXp RealtyMore Info
925-494-5430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.