590 Del Monte Avenue
590 Del Monte Avenue Monterey, California 93940 United States

$999,000
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Listing Courtesy of KW Coastal Estates
8,400 Acres
Exterior
Land
Property type
ML81869824
Web Id
ML81869824
MLS ID
Monterey Peninsula Unified
School District
175
days ago
This Property is Currently Contract Pending

About 590 Del Monte Avenue

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 Courtesy of KW Coastal Estates

features

Additional Listing Type
In Contract

PROPERTY INFORMATION

Water
Public

EXTERIOR

Lot Description
Level
Listing Courtesy of KW Coastal Estates
Listing Courtesy of KW Coastal Estates
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