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$999,000

Est. payment - /mo

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8,276 Sqft Lot

Pending

590 Del Monte AVE Monterey, CA 93940

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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