$2,700,000
499 Alvarado Street
Monterey, CA, 93940
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
Property Details
Price:
$2,700,000
MLS #:
ML81953114
Status:
Active Under Contract
Baths:
0
Type:
Commercial
Neighborhood:
699notdefined
Listed Date:
Feb 1, 2024
Year Built:
1951
Schools
Interior
Cooling
Gas
Heating
Central
Exterior
Parking Spots
10.00
Roof
Composition
Stories Total
2
Financial
Taxes
$1
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Current real estate data for Commercial in Monterey as of Aug 01, 2025
19
Commercial Listed
219
Avg DOM
$2,042,058
Avg List Price
Community
- Address499 Alvarado Street Monterey CA
- Neighborhood699 – Not Defined
- CityMonterey
- CountyMonterey
- Zip Code93940
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Property Summary
- 499 Alvarado Street Monterey CA is a Commercial for sale in Monterey, CA, 93940. It is listed for $2,700,000 To schedule a showing of MLS#ml81953114 at 499 Alvarado Street in Monterey, CA, contact your James Outland agent at 8057482262.
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499 Alvarado Street
Monterey, CA
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