650 E Franklin Street
650 E Franklin Street Monterey, California 93940 United States

$1,299,000
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Listing Courtesy of KW Coastal Estates
$1,299,000
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14,374.8 Acres
Exterior
Land
Property type
ML81869892
Web Id
ML81869892
MLS ID
Monterey Peninsula Unified
School District
173
days ago
This Property is Currently Contract Pending

About 650 E Franklin Street

Owner Financing available for Commercial Listing or High Density Multi-Family in Monterey. Located close to Downtown Monterey, Fisherman's Wharf, and many more desirable amenities, this site offers almost 1/3 acre of flat usable space with a 1,132 sf building, currently occupied by a garden center. Tenant is month to month, but willing to stay. Rents are below market. 3.7% Cap Rate at current rents. Upside opportunity for investor or developer. Prime Monterey location. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. Terms 30% down, 4% interest only, amortized over 25 years due in 20. Please do not disturb tenants. Business is not for sale. Tenants wish to remain. Shown by appointment only.

Listing Courtesy of KW Coastal Estates

features

Additional Listing Type
In Contract

PROPERTY INFORMATION

Water
Public

EXTERIOR

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Listing Courtesy of KW Coastal Estates
Listing Courtesy of KW Coastal Estates
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