12
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$999,000
Est. payment /mo
8,276 Sqft Lot
Pending
590 Del Monte AVE Monterey, CA 93940
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UPDATED:
09/30/2024 06:56 PM
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID ML81869824
HOA Y/N No
Lot Size 8,276 Sqft
Property Description
Prime location corner lot close to Downtown Monterey, Fisherman's Wharf, Del Monte Beach and many more desirable amenities, this site offers 8, 400sf of flat usable space with a 1, 090sf newly renovated building. Currently occupied by a dental office. Tenant has a three-year lease with an option for five more at market rate. Rents are below market due to a massive $300,000 remodel performed by the current tenant, including new sewer lateral, plumbing, electrical, roof, etc. Tenant willing to renegotiate lease terms. Upside opportunity for investor or developer. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning PC-Planned Community
Interior
Fireplace No
Exterior
Fence None
Community Features Park
Building
Lot Description Back Yard, Greenbelt, Lawn, Level, Near Park, Pasture, Street Level
Architectural Style Patio Home
Others
Tax ID 001-704-005-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by The Ruiz Group • KW Coastal Estates