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761-767 Lighthouse Ave Monterey, CA, 93940
$2,250,000 Commercial for sale Comm Ind For Sale
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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Property details
7,150 sqft interior area
Land area
9,720 sqft (0.22 acres)
Days on Verhouse
87
Address
761-767 Lighthouse Ave, Monterey, CA, 93940
City of California
Monterey
County
Monterey
Year Built
1970
District
Listing
Nearby major retailers
Costco
Trader Joe's
Whole Foods Market
Safeway
Wholesale: 1
Supermarket: 4
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Interior Features
Concrete floors
Floor Covering
Concrete
Garage & Parking
Common
Listed by
James Kendall, Baird Partnership, Inc.
Name
James Kendall
License number
02010395
Brokerage company
Baird Partnership, Inc.
MLS #
ML81954010
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Calculate your monthly payments
Mortgage
$6,909
Taxes
$0
HOA dues
$0
Mortgage
$450,000 / 20%
2.28%
30 years
Your amount
$6,909 / month
Lot details
TMK #001073003000
Parcel nr.
001073003000
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
35%
Families with children
National average: 39%
44%
Non family households
100,095
Population
$128,944
Average Income
Age & gender
Median age 45 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
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
$1.48m
Neighborhood average
sales price*
sales price*
$1.25m
Neighborhood median
sales price*
sales price*
151
Number
of sales*
of sales*
Housing type
55% are single detacheds
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Rooms
35% 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
50% are renters
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11.83 / 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
New Listing Feb 12, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 12, 2024 | New Listing | $2,250,000 | 0 | MLS #ML81954010 |
Taxes of 761-767 Lighthouse Ave, Monterey, CA, 93940
Comm zoning / MLS #ML81954010
Zoning
Comm
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Frequently Asked Questions about 761-767 Lighthouse Ave
What is 761-767 Lighthouse Ave?
761-767 Lighthouse Ave is a Commercial/Industrial propertywith 7,150 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
761-767 Lighthouse Ave, Monterey, CA, 93940.
What comparable properties are nearby?
Comparable nearby commercial properties include 482 Alvarado St, 1088 Cass St, 2400 Garden Rd, 222 Grand Ave, 1157 W Forest St, 805 Broadway Ave.
Based on information from the bridgeMLS as of 05-09-2024. 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 13, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Andronico's, 0.17 miles away and Grove Market, 0.9 miles away.
The 93940 zip area has a population of 100,095, and 35% of the families have children. The median age is 45.11 years and 76% commute by car. The most popular housing type is "single detached" and 50% is renter.
