499 Alvarado St

MONTEREY, CA 93940 View Map $3,950,000 Schedule a Tour
Sq.Ft.7,873
Year1951
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For information about this home for sale 499 Alvarado St in Monterey CA 93940 with MLS # ML81953114. Located in in Monterey.  View large photos, pricing, information and more. For a showing call Gregg Camp, Realtor, Broker, today at 831-818-7524
Status: Active
Property Type:Commercial Property
MLS #:ML81953114
Sq. Feet:7,873
On Site:72 Days
Lot Size:10,237 Sq. Ft.
County:Monterey
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

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
2/27/2024$4,600,000$3,950,000-14.1%

Community Information

Address:499 Alvarado St, MONTEREY, CA 93940
Area:118 - Downtown/Fisherman Wharf
County:Monterey
Zip:93940

Features / Amenities

Floor: Carpet
Safety / Security: Closed Circuit Monitoring (24-hour)
Energy Saving Features: Double Pane Windows
Heating: Central Forced Air
Cooling: Central Forced Air - Gas

Rooms

SizeDescription
Additional Rooms:Office Area, Safe / Panic / Room

Property Features

Lot Size: 0.23 Acres / 10,237 Sq. Ft.
Cross Street: Pearl St
Facilities: Restroom(s)
Water: Private / Mutual
Utilities: Public Utilities
Sewer/Septic: Sewer - Public
Special Features: Parking
Zoning:C1
Subclass: Commercial Property
Amenities Misc.: High Ceiling , Video / Audio System

Tax and Financial Info

Meters: Master Electric, Master Water
Buyer Agency Compensation: 2.50%
Present Use: Business/Professional, Medical/Dental, Retail

Listing Agent/Office

Agent: Monterey Peninsula Home Team
Office:KW Coastal Estates
Broker Phone:831-601-3284

Schools

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499 Alvarado St MONTEREY,  CA 93940
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499 Alvarado St MONTEREY, CA 93940
 
ASAP
Sat
13
Apr
Sun
14
Apr
Mon
15
Apr
Tue
16
Apr
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Apr
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Choose Your Date -- It's Free, Cancel Anytime
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