Christie's International Real Estate - Sereno
Kendra Gaeta, Christie's International Real Estate - SerenoPhone: (408) 728-0537
Email: [email protected]
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listing
1 of 37
CommercialFor Sale
$2,950,000
499 Alvarado St
Monterey, CA 93940
Listed by: Monterey Peninsula Home Team from KW Coastal Estates, 831-601-3284
MLS: MLSListings Inc.
7,873Sq Ft
Est. Mortgage
$15,327/mo

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

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Based on information from the MLSListings MLS as of 11/16/2024 09:35 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information courtesy of KW Coastal Estates is subject to verification and is not guaranteed.
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