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828 Lighthouse Avenue

Monterey, CA 93940
  • $1,375,000
  • STATUS: Active Under Contract
  • ON SITE: 33 Days
  • ID#: ML81887424
Under Contract
UPDATED: 67 min ago
$1,375,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): The Ruiz Group of Kw Coastal Estates (831-622-6200)


Description

Prime location on a high-exposure street, located two blocks from Cannery Row, the Monterey Bay Aquarium and close to Fisherman's Wharf, Downtown Monterey and 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. The building is in great condition with the following systems upgraded in 2017 - roof, electrical, plumbing and sewer line. Since then it has received upgraded lighting and recent termite treatment with a two-year warranty. Upside opportunity for an investor or developer. See page 48 of the Lighthouse Specific Plan for permitted and conditional uses. Included but not limited to Amplified Music, Assembly, Food & Beverage Sales, Retail, Restaurant, Service and Temporary Uses. Its a blank canvas full of possibilities!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T08:24:06.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127839891
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828 Lighthouse Avenue Monterey, CA 93940

  • Price: $1,375,000
  • Status: Active Under Contract
  • On Site: 33 Days
  • Updated: 67 min ago
  • ID#: ML81887424
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
699 - Not Defined
County:
Monterey
Area:
699 - Not Defined
Property Description
Prime location on a high-exposure street, located two blocks from Cannery Row, the Monterey Bay Aquarium and close to Fisherman's Wharf, Downtown Monterey and 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. The building is in great condition with the following systems upgraded in 2017 - roof, electrical, plumbing and sewer line. Since then it has received upgraded lighting and recent termite treatment with a two-year warranty. Upside opportunity for an investor or developer. See page 48 of the Lighthouse Specific Plan for permitted and conditional uses. Included but not limited to Amplified Music, Assembly, Food & Beverage Sales, Retail, Restaurant, Service and Temporary Uses. Its a blank canvas full of possibilities!
Exterior Features

Carport Spaces 0 Foundation Details Slab Lot Features Back Yard Parking Features OversizedUncovered Parking Total 0 Roof Flat

Interior Features

Accessibility Features Parking Cooling None Cooling YN No Heating None Heating YN No

Property Features

Cap Rate 4.14 Garage YN No Gross Scheduled Income 72000 Insurance Expense 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 0 Special Listing Conditions Standard Trash Expense 0 Zoning Pc-Planned Community



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T08:24:06.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): The Ruiz Group of Kw Coastal Estates (831-622-6200)