828 Lighthouse Ave, Monterey, CA 93940

$1,299,000
3,040
SqFt
List Price
$1,299,000
MLS#
ML81869915
Status
ACTIVE
Zoning
PC-Planned Community
Sqft. of Residence
3,040
Lot Size
4,791
Listing 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.

Additional Information

Acres
0.11
Age
57
Cooling System
None
Foundation
Concrete Slab
Garage Parking
On Street, Room for Oversized Vehicle, Uncovered Parking
Heating System
Central Forced Air
Living Area
3,040
Lot Size
4,791
Neighborhood
Cannery Row/Lighthouse Business District
Other Utilities
Public Utilities
Roof
Fiberglass
Sewer
Sewer - Public
Special Features
Parking
Zoning
PC-Planned Community

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of The Ruiz Group from KW Coastal Estates

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