590 Del Monte Avenue 001-704-005-000
Monterey, CA, 93940
$999,000
Beds
0 Baths
SqFt
0.19 Acres
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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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Lot Features
Greenbelt, Lawn, Back Yard, Level, Pasture, Level with Street, Park Nearby, Patio Home

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590 Del Monte Avenue 001-704-005-000
Monterey, CA