Address
761-767 Lighthouse AVE, Monterey, CA
Price
$ 2,250,000
Property Attributes
- MLS#ML81954010
- TypeCommercial
- CountyMONTEREY
- CityMonterey
- AreaCannery Row-Lighthouse Business District
- Zip93940
- Style
- Price$ 2,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7150
- Lot Size9,718 SqFt
Data Source:
MLSListings Inc.
Property Description
This mixed-use owner/user or investment opportunity has an approximately 5,550 SF two-story retail/office building and an approximately 1,600 SF two-story duplex (1br/1ba each) situated on +/- 9,720 SF of land with two APNs. The Seller has worked with the City of Monterey and the Monterey Peninsula Water Management District and received Planning and Building Dept. approval to convert the (currently vacant) 2nd floor of the front building into three residential units (two 2br/1ba, one 1br/1ba). The building plans are finished, but the permit has not yet been pulled. The zoning of the Lighthouse Area Specific Plan aims to create a livable community (comprised of mixed-use properties) and a revitalized destination point on Lighthouse Avenue for residents and visitors. Both commercial tenants have occupied the property for many years and have multiple years left on their leases. The ground floor of the duplex is used as storage by one of the commercial tenants and the upstairs unit of the duplex is rented at $1750 M-M.
| Price History | |
|---|---|
| 2/12/2024 | Listed $2,250,000 |
General Features
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Utilities | Public Utilities |
| Roof | Bitumen,Shingle |
| Water | Public |
| # of Buildings | 2 |
| Security Features | Other |
| Restrictions | None |
| Year Built | 1970 |
| Age | 54 |
| Property SubType | Commercial Property |
| City Limits (Y/N) | Yes |
| Zoning Text | Commercial/Mixed-use - Lighthouse Specific Plan |
| Incorporated Y/N | Yes |
| Accessibility | Parking |
| County | Monterey |
| Property Type | Commercial/Industrial |
| Present Use | Retail |
| Special Listing Conditions | Not Applicable |
| Status | Active |
| City | MONTEREY |
| MLS Area | Cannery Row/Lighthouse Business District |
| Listing Agent State License | 02010395 |
Interior Features
| Flooring | Carpet,Concrete,Vinyl / Linoleum |
|---|
Exterior Features
| Parking Features | Common Parking Area,Off-Street Parking,On Street,Unassigned Spaces |
|---|---|
| Parking Spaces | 9 |
| Lot Size Area | 9720.00 |
| Facilities | 1 Restroom Per Unit,Front Sign,Multi-Tenant Building,Office |
| Maximum Lot Size | 9720.00 |
| Sewer/Septic | Sewer - Public |
| Yard SqFt | 9720 |
| Meters | Master Electric,Master Gas,Master Water,Separate Gas,Separate Other |
| Foundation Details | Concrete Slab |
| Building Area Total | 7150 |
| Lot Acres | 0.2231 |
| 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
Visits
Year Built
Last updated: May 15, 2024 4:51 PM UTC Property Information © 2024 