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761-767 Lighthouse Avenue

Monterey, CA 93940
  • $2,250,000
  • STATUS: Active
  • ON SITE: 10 Days
  • ID#: ML81954010
UPDATED: 60 min ago
$2,250,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,150
    SQFT
  • $315
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

Description

This mixed-use owner/user or investment opportunity has an approximately 5,550 SF two-story retail/office building and an approximately 1,600 SF two-story duplex (1br/1ba each) situated on +/- 9,720 SF of land with two APNs. The Seller has worked with the City of Monterey and the Monterey Peninsula Water Management District and received Planning and Building Dept. approval to convert the (currently vacant) 2nd floor of the front building into three residential units (two 2br/1ba, one 1br/1ba). The building plans are finished, but the permit has not yet been pulled. The zoning of the Lighthouse Area Specific Plan aims to create a livable community (comprised of mixed-use properties) and a revitalized destination point on Lighthouse Avenue for residents and visitors. Both commercial tenants have occupied the property for many years and have multiple years left on their leases. The ground floor of the duplex is used as storage by one of the commercial tenants and the upstairs unit of the duplex is rented at $1750 M-M.

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Contra Costa Association of Realtors logo Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-02-23T10:39:08.5.

www.swansonrealestate.com/homes/147552851
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761-767 Lighthouse Avenue Monterey, CA 93940

  • Price: $2,250,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 60 min ago
  • ID#: ML81954010
0
Beds
0
Baths
0
½ Baths
0.22
Acres
7,150
SQFT
$315
$/SQFT
1970
Built
Neighborhood:
Listing
County:
Monterey
Area:
Listing
Property Description
This mixed-use owner/user or investment opportunity has an approximately 5,550 SF two-story retail/office building and an approximately 1,600 SF two-story duplex (1br/1ba each) situated on +/- 9,720 SF of land with two APNs. The Seller has worked with the City of Monterey and the Monterey Peninsula Water Management District and received Planning and Building Dept. approval to convert the (currently vacant) 2nd floor of the front building into three residential units (two 2br/1ba, one 1br/1ba). The building plans are finished, but the permit has not yet been pulled. The zoning of the Lighthouse Area Specific Plan aims to create a livable community (comprised of mixed-use properties) and a revitalized destination point on Lighthouse Avenue for residents and visitors. Both commercial tenants have occupied the property for many years and have multiple years left on their leases. The ground floor of the duplex is used as storage by one of the commercial tenants and the upstairs unit of the duplex is rented at $1750 M-M.
Exterior Features

Carport YN No Garage YN No Lot Size Area 0.22 Parking Features Common Parking Spaces Total 9

Interior Features

Building Area Total 7150 Flooring Concrete Heating Wall Furnace Heating YN Yes

Property Features

Age 54 Association YN No Electric On Property YN No For Sale Or Rent For Sale Present Use 377558 Property Sub Type Comm Ind For Sale Zoning Comm

Contra Costa Association of Realtors logo Listing courtesy of James Kendall of Baird Partnership, Inc.: .


Contra Costa Association of Realtors logo Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-02-23T10:39:08.5.

 
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