499 Alvarado St - Freestanding FOR SALE


Monterey, CA 93940
$2,950,000 USD
831-601-3284
499 Alvarado St, Monterey, CA for Sale
$2,950,000 USD
Freestanding - FOR SALE
1/51
null | Request Cap Rate

499 Alvarado St
Monterey, CA 93940


HIGHLIGHTS

  • • Best Corner in Downtown Monterey Where Alvarado Meets Munras and Pearl
  • • Traffic Counts from 4500-14000, Located at Public Transportation Hub
  • • 7873 SF Retail or Office or make the second floor Residential
  • • Includes the adjacent parking lot on another APN
  • • Seller will carry with 20% down at a reasonable rate
  • • Rare opportunity has not been available for 4 decades

OVERVIEW

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 Fishermans 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. Corner location on Pearl and Alvarado. 5 Huge retail windows facing Pearl St. 2 huge windows on Alvarado. Entry door to be constructed at corner, Parking Lot. THIS IS HALF OF THE FORMER RITE AID. Windows are tinted. Space can be expanded to 4500 SF on ground or add 3000 SF from second floor. See attached floor plans. This building is also for sale All combined we have over 7000 SF for Lease divisible to 2150, 2500, 4500, and 3100. Boasting...

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Ordway Pharmacy, Seller financing.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Commercial

APN/PARCEL ID

001-574-012-000

ASK ABOUT THIS PROPERTY

Anthony DaviA.G. Davi Property ManagementMore Info
831-601-3284

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Anthony DaviA.G. Davi Property ManagementMore Info
831-601-3284

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