Listed By:
Monterey Peninsula Home Team with KW Coastal Estates - 831-601-3284
Address
486 Alvarado ST, Monterey, CA
Price
$ 3,800,000
Property Attributes
  • MLS#ML81944629
  • TypeCommercial
  • CountyMONTEREY
  • CityMonterey
  • AreaDowntown-Fisherman Wharf
  • Zip93940
  • Style
  • Price$ 3,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10082
  • Lot Size0.35 Acres
Data Source:
MLSListings Inc.
Property Description

Rare opportunity to own well performing historic building at the start of main street w/ private parking.Many long term tenants. Tenants include Super Cuts & Pacific Valley Bank. Special historic property The former Home of CA GOVERNOR ALVARADO-A native of Monterey, Alvarado served as Governor of Mexican California from December 20, 1836 to December 20, 1842. Building was damaged in storm and repair work is under way, Offered for sale with the repairs to be completed before the close of escrow, Or may consider discount and Buyer to complete repairs after close. Building is 100% occupied with long term tenants, some may be below market.

Price History
10/11/2023 Listed $4,200,000
2/23/2024 10% - $3,800,000

General Features

Heating Forced Air
Cooling None
Utilities Public Utilities
Roof Composition,Tar and Gravel
Water Private / Mutual
# of Buildings 1
Security Features Other
Restrictions Parking Restrictions
Year Built 1975
Age 48
Property SubType Commercial Property
City Limits (Y/N) Yes
Zoning Text Comm
Accessibility Other
County Monterey
Property Type Commercial/Industrial
Present Use Business/Professional,Office,Retail
Special Listing Conditions Not Applicable
Status Active
City MONTEREY
MLS Area Downtown/Fisherman Wharf
Listing Agent State License 70000352

Interior Features

Flooring Carpet,Other

Exterior Features

Parking Features Common Parking Area
Lot Size Area 15246.00
Facilities Front Sign,Office,Restroom(s)
Maximum Lot Size 15246.00
Sewer/Septic Sewer - Public
Meters Master Electric,Master Gas
Foundation Details Concrete Slab,Other
Building Area Total 10082
Lot Acres 0.3500
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 93940

Price
AVG $2.61M
$3.8M
Visits
AVG 89
92
Data Provided by Inside Real Estate®
Year Built
AVG 1968
1975
Walkscore
AVG 67
90
Data Provided by Walkscore® not using MLS data