499 Alvarado St, MONTEREY, CA

$3,400,000

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7,873

Square feet

0.24

Acres

About 499 Alvarado St

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

Features of 499 Alvarado St

MLS® # ML81953114
Price $3,400,000
Square Footage 7,873
Square Footage Other
Acres 0.24
Year Built 1951
Type Common Interest
Sub-Type Commercial Property
Status Active

Community Information

Address 499 Alvarado St
Area Monterey - I
City MONTEREY
County Monterey
State CA
Zip Code 93940

Amenities

Utilities Public Utilities
Parking Spaces 10
Is Waterfront No

Interior

Heating Central Forced Air Heat
Cooling Central Forced Air - Gas
Fireplace No
# of Stories 2

Exterior

Windows Double Pane Windows
Roof Composition Roof
Foundation Concrete Slab

Additional Information

Zoning C1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMonterey Peninsula Home Team
OfficeKW Coastal Estates
Contact Info831-601-3284

Listing Map

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