590 Del Monte Avenue, Monterey, CA 93940 - Berkshire Hathaway HomeServices California Properties
590 Del Monte Avenue Monterey, CA 93940
$999,000 0 beds, 0 baths
0 sqft

Agent Remarks

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

Listing Details

Property type: (Lots/Land)
Status: Pending
MLS# ML81869824
List price is $999,000 Reduced by $100,000 on 1/24/2022
Beds: 0
Baths: 0
0.19 acres
Lot size: 0.1900
County: Monterey
Property style: Patio Home
Zoning: PC-Planned Community
Lot description: Back Yard,Greenbelt,Lawn,Level,Near Park,Pasture,Street Level
MLS area: 699 - Not Defined

Last Updated: 10/1/2024

 Find more Monterey homes and real estate

 Find more homes in 93940 zip code

This listing belongs to the 699 - Not Defined MLS area

The style of this listing is Patio Home.
Find more Patio Home style homes for sale

Lat/Long: 36.599830, -121.889109.
Find nearby listings


Listing Agent: The Ruiz Group
Lic#: 01234982
Office Name: Mission Viejo

Area Map

Nearby Schools

No schools were found in the area