499 Alvarado Street, Monterey, CA 93940 - Berkshire Hathaway HomeServices California Properties

499 Alvarado Street, Monterey, CA 93940

$2,700,000 Approx. USD 0 beds, 0 baths

Listing Agent


Monterey Peninsul... | mark.bruno@mphtre.com
Lic#: 70000352
Broker: Courtesy of KW Coastal Estates

Agent Remarks

Rare Landmark freestanding building in the heart of downtown Monterey with pull up parking which is very rare in Downtown Monterey. 7873 SF of Retail and office. Seller will consider financing with 20% down and approved financials. Steps to Trader Joes and Fisherman's Wharf, surrounded by 1500 Hotel Rooms and across the street from the Monterey Public Transport hub making it easily accessible by visitors and public transportation. Boasting a walk score of 90 and bike score of 80. After 40 years as the local pharmacy destination the building is vacant - perfect for a single tenant or split the ground floor for 2 retail users and use the existing water credits for apartment on the second floor. Proforma rents as a single tenant result in a 5% Cap

Listing Details

Property type: (Commercial)
Status: Active
MLS# ML81953114
List price is $2,700,000 Reduced by $250,000 on 4/3/2025
Price: $2,700,000
HOA Fee is $0.00
Built in 1951
0.24 acres
Lot size: 0.2350
County: Monterey
Zoning: C1
Heating/cooling: Gas
Heating description: Central
MLS area: 699 - Not Defined

Last Updated: 4/3/2025

 Days On Market (DOM): 457

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 36.597861, -121.894657.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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