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828 Lighthouse Avenue

Monterey, CA 93940
  • $1,299,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: ML81867623
UPDATED: 46 min ago
$1,299,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,792
    SQFT
  • $271
    $/SQFT
Type:
Commercial
Built:
1964
County:

School Ratings & Info

Description

Owner Financing available for Commercial Listing in Monterey. Prime location on a high-exposure street, two blocks from Cannery Row, the Monterey Bay Aquarium and close to Fisherman's Wharf and Downtown Monterey & Pacific Grove. This site offers 3,100sf of retail warehouse space, has 6 off-street parking spaces, 16-18 foot ceiling heights and a large roll-up door. Tenant is month to month, but willing to stay and pay higher rent. Rents are below market. 3.4% Cap Rate at current rents. Upside opportunity for investor or developer. Owner Financing Terms 30% down, 4% interest only, amortized over 25 years due in 20. Please do not disturb tenants. Business is not for sale. Tenants wish to remain. Shown by appointment only.

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Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-11-30T18:40:32.733.

www.doyleresidential.com/homes/122643862
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828 Lighthouse Avenue Monterey, CA 93940

  • Price: $1,299,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 46 min ago
  • ID#: ML81867623
0
Beds
0
Baths
0
½ Baths
0.11
Acres
4,792
SQFT
$271
$/SQFT
1964
Built
Neighborhood:
Cannery Row/Lighthouse Business District
County:
Monterey
Area:
Cannery Row/Lighthouse Business District
Property Description
Owner Financing available for Commercial Listing in Monterey. Prime location on a high-exposure street, two blocks from Cannery Row, the Monterey Bay Aquarium and close to Fisherman's Wharf and Downtown Monterey & Pacific Grove. This site offers 3,100sf of retail warehouse space, has 6 off-street parking spaces, 16-18 foot ceiling heights and a large roll-up door. Tenant is month to month, but willing to stay and pay higher rent. Rents are below market. 3.4% Cap Rate at current rents. Upside opportunity for investor or developer. Owner Financing Terms 30% down, 4% interest only, amortized over 25 years due in 20. Please do not disturb tenants. Business is not for sale. Tenants wish to remain. Shown by appointment only.
Exterior Features

Parking Spaces Total 6

Property Features

Annual Taxes 0 Building Type Comm Ind For Sale Net Operating Income 43800 Tot Bldg Sq Ft 3040 Utilities Public Water Zoning Pc -

Listing courtesy of The Ruiz Group of Kw Coastal Estates.


Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-11-30T18:40:32.733.

 
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