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Key Details
Sold Price $925,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81867652
Sold Date 02/17/22
HOA Y/N No
Year Built 2003
Annual Tax Amount $6,852
Lot Size 8,398 Sqft
Property Description
Prime location corner lot close to Downtown Monterey, Fisherman's Wharf, Del Monte Beach and many more desirable amenities, this site offers 8, 400sf of flat usable space with a 1, 090sf newly renovated building. Currently occupied by a dental office. Tenant has a three-year lease with an option for five more at market rate. Rents are below market due to a massive $300,000 remodel performed by the current tenant, including new sewer lateral, plumbing, electrical, roof, etc. Tenant willing to renegotiate lease terms. Upside opportunity for investor or developer. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning PC-planned commmunity
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 8
Building
Water Public
Others
Tax ID 001704005000
Financing Cash
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Bought with Ted Von Roll MB Realty, Inc.
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