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828 Lighthouse Ave

Monterey, CA 93940
  • $1,299,000
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: ML81867623
UPDATED: 61 min ago
$1,299,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,040
    SQFT
  • $427
    $/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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© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-12-08T08:48:08.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Schneider Estates, Inc.

Licensed in the State of California.
www.realestateofsantacruz.com/homes/122644133
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828 Lighthouse Ave Monterey, CA 93940

  • Price: $1,299,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 61 min ago
  • ID#: ML81867623
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,040
SQFT
$427
$/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

Foundation Concrete Slab Garage Parking Guest / Visitor ParkingLighted Parking Area Roof Fiberglass Sq Ft Yard 4792

Interior Features

Cooling None Heating Central Forced Air - Gas Sq Ft Warehouse 3040 Structure Sq Ft 3040

Property Features

Accessibility Features None Additional Listing Info Not Applicable Business Name The Ultimate Aquarium City Limits Yes City Name Monterey Facilities Front SignOfficeRestroom(S) Lot Size Area Maximum 4792.00 Meters Separate ElectricSeparate GasSeparate Water Present Use Retail Restrictions None Security Features None Sewer Septic Community Sewer / Septic Sq Ft Source Assessor Utilities Public Utilities Water Public Zoning Pc - Planned Community

© 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of The Ruiz Group of Kw Coastal Estates.


© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-12-08T08:48:08.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Schneider Estates, Inc.

Licensed in the State of California.
 
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1840 41st Ave Ste 205
Capitola CA, 95010