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
Details
MLS #
ML81869824
Listing Type
For Sale
Sub-Type
Resale
Status
Pending
Days On Site
1761
Listing Provided By
KW Coastal Estates | The Ruiz Group
Features
Zoning
PC-Planned Community
Acreage
0.19
Exterior
Lot Features
Back Yard, Greenbelt, Lawn, Level, Near Park, Pasture, Street Level
Fencing
None
Location
Community Features
Park
Area Information
State
CA
County
Monterey
City
Monterey
Zip Code
93940
Area
699 Not Defined
Sourced by Back At You
MLS#: ML81869824 Listed By: The Ruiz Group - KW Coastal Estates - 8316226200-
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MLS#: ML81869824 Listed By: The Ruiz Group - KW Coastal Estates - 8316226200-
