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499 Alvarado St Monterey, CA, 93940
$3,950,000 $650,000 Commercial for sale Comm Ind For Sale
Rare Landmark freestanding building in the heart of downtown Monterey with pull up parking which is very rare in Downtown Monterey. 7873 SF of Retail and office. Seller will consider financing with 20% down and approved financials. Steps to Trader Joes and Fisherman's Wharf, surrounded by 1500 Hotel Rooms and across the street from the Monterey Public Transport hub making it easily accessible by visitors and public transportation. Boasting a walk score of 90 and bike score of 80. After 40 years as the local pharmacy destination the building is vacant - perfect for a single tenant or split the ground floor for 2 retail users and use the existing water credits for apartment on the second floor. Proforma rents as a single tenant result in a 5% Cap
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Property details
7,873 sqft interior area
Land area
10,237 sqft (0.24 acres)
Days on Verhouse
86
Address
499 Alvarado St, Monterey, CA, 93940
City of California
Monterey
County
Monterey
Year Built
1951
District
Listing
Virtual Tour
Nearby major retailers
Costco
Trader Joe's
Whole Foods Market
Safeway
Wholesale: 1
Supermarket: 4
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Interior Features
—
Roof
Shingle
Listed by
Monterey Peninsula Home Team, KW Coastal Estates
Name
Monterey Peninsula Home Team
License number
70000352
Brokerage company
KW Coastal Estates
MLS #
ML81953114
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Calculate your monthly payments
Mortgage
$12,128
Taxes
$0
HOA dues
$0
Mortgage
$790,000 / 20%
2.28%
30 years
Your amount
$12,128 / month
Lot details
TMK #001574012000
Parcel nr.
001574012000
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
—
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
35%
Families with children
National average: 39%
42%
Non family households
103,580
Population
$128,659
Average Income
Age & gender
Median age 48 years
More info
Commute types
76% commute by car
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Education level
26% have bachelor education
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Number of employees
5% 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
$1.46m
Neighborhood average
sales price*
sales price*
$1.21m
Neighborhood median
sales price*
sales price*
195
Number
of sales*
of sales*
Housing type
60% 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
54% are owners
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13.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Price Decrease Feb 27, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 27, 2024 | Price Decrease | $3,950,000 -14.13% | 0 | MLS #ML81953114 |
| Feb 1, 2024 | New Listing | $4,600,000 | 0 | MLS #ML81953114 |
Taxes of 499 Alvarado St, Monterey, CA, 93940
C1 zoning / MLS #ML81953114
Zoning
C1
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Frequently Asked Questions about 499 Alvarado St
What is 499 Alvarado St?
499 Alvarado St is a Commercial/Industrial propertywith 7,873 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
499 Alvarado St, Monterey, CA, 93940.
What comparable properties are nearby?
Comparable nearby commercial properties include 486 Alvarado St, 482 Alvarado St, 660 Camino Aguajito, 761-767 Lighthouse Ave, 539 Ramona Ave, 4386 Parker Flts.
Based on information from the bridgeMLS as of 04-27-2024. 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: Feb 28, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Trader Joe's, 0.09 miles away and Whole Foods Market, 1.05 miles away.
The 93940 zip area has a population of 103,580, and 35% of the families have children. The median age is 48.37 years and 76% commute by car. The most popular housing type is "single detached" and 54% is owner.
