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$2,450,000

  • Sold
  • Closed
  • Business
  • 12,061 Sq. Ft.
  • 0.29 Acres
See This Home
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The subject property located in heart of Monterey Downtown and contains retail and executive offices. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, 95% are occupied. Potential for a apartment or condo development opportunity on Calle Principal Street side may request more detail through City of Monterey, and water management.

Full Property Details for 482 Alvarado St

General

  • Sold For: $2,450,000
  • Status: Closed
  • Type: Business
  • Source: RE_Infolink
  • MLS ID: ML81924244
  • Added to Site: 1, 013 day(s) ago

Business

  • Business Type: Other

Rental Information

  • Complex Features: Conference/Meeting Room, Janitorial, Restroom(s), Private Restrooms, Signage

Additional Information

  • Extras: Not Applicable
  • Security/Safety: None

Parking

  • Parking Features: No Garage, Off-Street Parking

Location

  • Area: Downtown/Fisherman Wharf
  • County: Monterey
  • Complex: Galerie Monterey

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Public Utilities
  • Metering: Master Gas

Structural Information

  • # Buildings: 1
  • Foundation: Concrete Slab
  • Roof: Flat / Low Pitch, Foam, Polyurethane, Tile
  • Disability Access: Elevator/Lift, Parking, Wheelchair Access
  • Square Feet: 12,061
  • Office: 9,826 Sq. Ft.
  • Year Built: 1941

Unit Information

  • # Tenants: 8

Lot Features

  • Lot Size (Acres): 0.29
  • Minimum Lot Size: 12632
  • Lot Size (Sq. Ft.): 12,632
  • Yard Description: 1 Sq. Ft.
  • Present Use: Commercial
  • Zoning: C-2

Disclosures and Reports

  • Restrictions: None

Listed by Sotheby's International Realty, Young Seon Myong
Sold by Kwce, Anthony G. Davi, Jr.

Listing agent

— 482 Alvarado St —

  • Young Seon Myong

    Sotheby's International Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 482 Alvarado St

School District:Monterey Peninsula Unified School District
NameGradesDistance
Monte Vista
251 Soledad Drive, Monterey, CA 93940
K-50.9 mi
Monterey High School
101 Herrmann Drive, Monterey, CA 93940
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 482 Alvarado St

Date
Details
Price
Change
Source
4/30/2025
Sold
$2,450,000
-15.52%
MLS
12/10/2024
Price Increased
$2,900,000
3.94%
MLS
6/16/2023
Price Reduced
$2,790,000
-6.65%
MLS
4/11/2023
Listed
$2,988,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Sotheby's International Realty, Young Seon Myong
Sold by Kwce, Anthony G. Davi, Jr.

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482 Alvarado St, Monterey, CA 93940 (MLS# ML81924244) is a Business property that was sold at $2,450,000 on April 30, 2025. Want to learn more about 482 Alvarado St? Do you have questions about finding other Business real estate for sale in Monterey? You can browse all Monterey real estate or contact a Coldwell Banker agent to request more information.