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482 Alvarado Street

Monterey, CA 93940
  • $2,900,000
  • STATUS: Active Under Contract
  • ON SITE: 668 Days
  • ID#: ML81924244
Under Contract
$2,900,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Young Seon Myong of Sotheby's International Realty ((831) 624-1566)


Description

The subject property located in heart of Monterey Downtown and contains retail and executive offices. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, 95% are occupied. Potential for a apartment or condo development opportunity on Calle Principal Street side may request more detail through City of Monterey, and water management.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-09T00:28:25.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/138475045
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482 Alvarado Street Monterey, CA 93940

  • Price: $2,900,000
  • Status: Active Under Contract
  • On Site: 668 Days
  • ID#: ML81924244
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1941
Built
Neighborhood:
699 - Not Defined
County:
Monterey
Area:
699 - Not Defined
Property Description
The subject property located in heart of Monterey Downtown and contains retail and executive offices. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, 95% are occupied. Potential for a apartment or condo development opportunity on Calle Principal Street side may request more detail through City of Monterey, and water management.
Exterior Features

Parking Total 8 Roof FlatFoamTile

Interior Features

Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Association Fee 0 Business Type Other Gross Scheduled Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 0 Other Expense 0 Tax Annual Amount 0 Trash Expense 0 Water Source Public Zoning C-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-09T00:28:25.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Young Seon Myong of Sotheby's International Realty ((831) 624-1566)