Bought with Monterey Peninsula Home Team • KW Coastal Estates
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Key Details
Sold Price $2,686,250
Property Type Commercial
Sub Type Commercial Property
Listing Status Sold
Purchase Type For Sale
Square Footage 7,873 sqft
Price per Sqft $341
MLS Listing ID ML81953114
Sold Date 09/12/25
Year Built 1951
Lot Size 10,237 Sqft
Property Sub-Type Commercial Property
Property Description
Rare Landmark freestanding building in the heart of downtown Monterey with pull up parking which is very rare in Downtown Monterey. 7873 SF of Retail and office. Seller will consider financing with 20% down and approved financials. Steps to Trader Joes and Fisherman's Wharf, surrounded by 1500 Hotel Rooms and across the street from the Monterey Public Transport hub making it easily accessible by visitors and public transportation. Boasting a walk score of 90 and bike score of 80. After 40 years as the local pharmacy destination the building is vacant - perfect for a single tenant or split the ground floor for 2 retail users and use the existing water credits for apartment on the second floor. Proforma rents as a single tenant result in a 5% Cap
Location
State CA
County Monterey
Area Downtown/Fisherman Wharf
Zoning C1
Rooms
Other Rooms Office Area, Safe / Panic / Room
Interior
Heating Central Forced Air
Cooling Central Forced Air - Gas
Flooring Carpet
Exterior
Parking Features Off-Street Parking
Utilities Available Public Utilities
Roof Type Composition
Present Use Business/Professional,Medical/Dental,Retail
Building
Story 2
Foundation Concrete Slab
Sewer Sewer - Public
Water Private / Mutual
Level or Stories 2
Others
Restrictions None
Tax ID 001-574-012-000
Security Features Closed Circuit Monitoring (24-hour)
Special Listing Condition Not Applicable
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