761-767 Lighthouse Ave, MONTEREY, CA

$2,150,000

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7,150

Square feet

0.22

Acres

About 761-767 Lighthouse Ave

This mixed-use owner/user or investment opportunity has an approximately 5,550 SF two-story retail/office building and an approximately 1,600 SF two-story duplex (1br/1ba each) situated on +/- 9,720 SF of land with two APNs. The Seller has worked with the City of Monterey and the Monterey Peninsula Water Management District and received Planning and Building Dept. approval to convert the (currently vacant) 2nd floor of the front building into three residential units (two 2br/1ba, one 1br/1ba). The building plans are finished, but the permit has not yet been pulled. The zoning of the Lighthouse Area Specific Plan aims to create a livable community (comprised of mixed-use properties) and a revitalized destination point on Lighthouse Avenue for residents and visitors. Both commercial tenants have occupied the property for many years and have multiple years left on their leases. The ground floor of the duplex is used as storage by one of the commercial tenants and the upstairs unit of the duplex is rented at $1750 M-M.

Features of 761-767 Lighthouse Ave

MLS® # ML81954010
Price $2,150,000
Square Footage 7,150
Square Footage Other
Acres 0.22
Year Built 1970
Type Common Interest
Sub-Type Commercial Property
Status Active

Community Information

Address 761-767 Lighthouse Ave
Area Cannery Row/Lighthouse Business District
City MONTEREY
County Monterey
State CA
Zip Code 93940

Amenities

Utilities Public Utilities
Parking Spaces 9
Is Waterfront No

Interior

Heating Wall Furnace
Cooling No Cooling
Fireplace No
# of Stories 2

Exterior

Roof Bitumen, Shingle Roof
Foundation Concrete Slab

Additional Information

Zoning Commercial/Mixed-use - Lighthouse Specific Plan
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJames Kendall
OfficeBaird Partnership, Inc.
Contact Info831-275-0129

Listing Map

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