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245 Washington St, Monterey, CA, 93940
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245 Washington St Monterey, CA, 93940

$3,380,000 Commercial for sale Comm Ind For Sale

245 Washington St. in Monterey is a two story, 5,630 SF building adjacent to the City of Monterey waterfront and municipal wharf. The property will be delivered vacant at close of escrow, making it a great owner/ user opportunity. There have been recent upgrades made to the ground floor office units, and the second floor is comprised of three separate office suites, each with their own full bathroom. Property is currently zoned as Open Space and is not a part of the waterfront Master Plan. Current allowed use is for medical/ office use as legal, nonconforming.
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Property details

5,630 sqft interior area
Land area
10,022 sqft (0.23 acres)
Days on Verhouse
12
Address
245 Washington St, Monterey, CA, 93940
City of California
Monterey
County
Monterey
Year Built
1971
District
Listing

Nearby major retailers

Costco
Trader Joe's
Whole Foods Market
Safeway
Wholesale: 1
Supermarket: 4
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Listed by

Patrick Stafford, Baird Partnership, Inc.
Name
Patrick Stafford
License number
01857243
Brokerage company
Baird Partnership, Inc.
MLS #
ML81964978

Payment calculator

Calculate your monthly payments
Mortgage
$10,378
Taxes
$0
HOA dues
$0
$10,378 per month
Mortgage
$676,000 / 20%
2.28%
30 years
Your amount $10,378 / month

Lot details

TMK #001701003000
Parcel nr.
001701003000

93940 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data

People living in 93940

36%
Families with children
National average: 39%
42%
Non family households
103,580
Population
$128,659
Average Income

Age & gender

Median age 45 years
More info

Commute types

77% commute by car
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Education level

25% have bachelor education
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Number of employees

6% work in education and healthcare
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Vehicles available

40% have 2 vehicle
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Vehicles by gender

40% have 2 vehicle
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Housing market insights for

$1.32m
Neighborhood average
sales price*
$1.18m
Neighborhood median
sales price*
178
Number
of sales*

Housing type

57% are single detacheds
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Rooms

36% of the houses have 4 or 5 rooms
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Bedrooms

63% have 2 or 3 bedrooms
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Owners vs Renters

51% are owners
More info
13.17 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

New Listing May 9, 2024
Date Event Price $/sqft Source
May 9, 2024 New Listing $3,380,000 0 MLS #ML81964978

Taxes of 245 Washington St, Monterey, CA, 93940

Open zoning / MLS #ML81964978
Zoning
Open

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Frequently Asked Questions about 245 Washington St

What is 245 Washington St?

245 Washington St is a Commercial/Industrial propertywith 5,630 sqft interior space.

What is the rental income?

-

What is the full address of this Commercial?

245 Washington St, Monterey, CA, 93940.

What comparable properties are nearby?

Comparable nearby commercial properties include 499 Alvarado St, 482 Alvarado St, 486 Alvarado St, 660 Camino Aguajito, 761-767 Lighthouse Ave, 539 Ramona Ave.

Based on information from the bridgeMLS as of 05-20-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: May 10, 2024
Verhouse Last checked 5 minutes ago


The closest grocery stores are Trader Joe's, 0.34 miles away and Whole Foods Market, 1.3 miles away.
The 93940 zip area has a population of 103,580, and 36% of the families have children. The median age is 45.12 years and 77% commute by car. The most popular housing type is "single detached" and 51% is owner.
Commercial For sale $3.38m 245 Washington St, Monterey, CA, 93940 Save House Remove from Saved