Listed By:
Young Seon Myong with Sotheby's International Realty - 831-238-4075
Address
482 Alvarado ST, Monterey, CA
Price
$ 2,790,000
Property Attributes
  • MLS#ML81924244
  • TypeCommercial
  • CountyMONTEREY
  • CityMonterey
  • AreaDowntown-Fisherman Wharf
  • Zip93940
  • Style
  • Price$ 2,790,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12061
  • Lot Size12,632 SqFt
Data Source:
MLSListings Inc.
Property Description

The subject property located in heart of Monterey Downtown and contains a commercial building with of retail and office spaces. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, ablout 75% are occupied. Potenita for a apartment or condo development opportunity on Calle Principal Street part, may request more detail through City of Monterey.

Price History
4/11/2023 Listed $2,988,900
6/16/2023 7% - $2,790,000

General Features

Heating Forced Air
Cooling Other
Utilities Public Utilities
Roof Flat / Low Pitch,Foam,Polyurethane,Tile
Water Public
# of Buildings 1
Security Features None
Restrictions None
Year Built 1941
Age 82
Property SubType Commercial Property
Complex Name Text Galerie Monterey
City Limits (Y/N) Yes
Zoning Text C-2
Business Type Other
Accessibility Elevator / Lift,Parking,Wheelchair Access
County Monterey
Property Type Commercial/Industrial
Present Use Commercial
Special Listing Conditions Not Applicable
Status Active
City MONTEREY
MLS Area Downtown/Fisherman Wharf
Listing Agent State License 01004504
Virtual Tour https://tours.montereybayvirtualtours.com/s/482-Alvarado-St-Monterey-CA-93940
Virtual Tour https://tours.montereybayvirtualtours.com/s/idx/192773

Interior Features

Number of Tenants 8

Exterior Features

Parking Features No Garage,Off-Street Parking
Parking Spaces 8
Lot Size Area 12632.00
Facilities Conference/Meeting Room,Janitorial,Restroom(s),Restrooms-Private,Signage
Maximum Lot Size 12632.00
Sewer/Septic Sewer - Public
Yard SqFt 1
Meters Master Gas
Foundation Details Concrete Slab
Building Area Total 12061
Lot Acres 0.2900
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 $2.73M
$2.79M
Visits
AVG 84
168
Data Provided by Inside Real Estate®
Year Built
AVG 1965
1941
Walkscore
AVG 81
90
Data Provided by Walkscore® not using MLS data