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
Address:
590 Del Monte Avenue 001-704-005-000
Type:
Land
Neighborhood:
699notdefined
City:
Monterey
Listed Date:
Nov 10, 2021
State:
CA
ZIP:
93940
Lot Size:
8,400 sqft / 0.19 acres (approx)
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- Address590 Del Monte Avenue 001-704-005-000 Monterey CA
- Area699 – Not Defined
- CityMonterey
- CountyMonterey
- Zip Code93940
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Courtesy of KW Coastal Estates. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.590 Del Monte Avenue 001-704-005-000
Monterey, CA
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