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. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only
Property Details
Price:
$999,000
MLS #:
ML81869824
Status:
Pending
Baths:
0
Type:
Land
Neighborhood:
699notdefined
Listed Date:
Nov 10, 2021
Lot Size:
8,400 sqft / 0.19 acres (approx)
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Interior
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Financial
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Community
- Address590 Del Monte Avenue 001-704-005-000 Monterey CA
- Neighborhood699 – Not Defined
- CityMonterey
- CountyMonterey
- Zip Code93940
Market Summary
Property Summary
- 590 Del Monte Avenue 001-704-005-000 Monterey CA is a Land for sale in Monterey, CA, 93940. It is listed for $999,000 and features 0 acres.
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