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499 Alvarado St, Monterey, CA 93940
$3,400,000
499 Alvarado St, Monterey, CA 93940View this property at 499 Alvarado St, Monterey, CA 93940
499 Alvarado StMontereyCA93940
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Property Description
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
Full Property Details
Full Property Details for 499 Alvarado St
General
- Price: $3,400,000
- Status: Active
- Type: Industrial
- MLS ID: ML81953114
- Updated: 4/30/2024
- Added to Site: 109 day(s) ago
Rental Information
- Complex Features: Restroom(s)
Interior
- Flooring: Carpet
Additional Information
- Extras: Not Applicable
- Security/Safety: Closed Circuit Monitoring (24-hour)
Parking
- Parking Features: Off-Street Parking
Location
- Area: Downtown/Fisherman Wharf
- County: Monterey
- Cross Streets: Pearl St
Heating & Cooling
- Cooling Type: Central Air Conditioning (Gas/Forced Air)
- Heating Type: Central Air (Forced Air)
Utilities
- Sewer: Public Sewer
- Water: Private / Mutual
- Utility Description: Public Utilities
- Metering: Master Electric, Master Water
Structural Information
- Foundation: Concrete Slab
- Roof: Composition
- Disability Access: Parking, Other
- Square Feet: 7,873
- Office: 7,873 Sq. Ft.
- Year Built: 1951
Lot Features
- Lot Size (Acres): 0.235
- Minimum Lot Size: 10237
- Lot Size (Sq. Ft.): 10,237
- Present Use: Business/Professional, Medical/Dental, Retail
- Zoning: C1
Green Features
- Energy Efficient: Double-Pane Windows
Disclosures and Reports
- Restrictions: None
Listed by KW Coastal Estates, Monterey Peninsula Home Team
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Schools
Schools serving 499 Alvarado St
School District:Monterey Peninsula Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
251 Soledad Dr, Monterey, CA 93940 | K-5 | 0.9 mi | |
Walter Colton Middle School
100 Toda Vis, Monterey, CA 93940 | 6-8 | 1.1 mi | |
101 Herrmann Dr, Monterey, CA 93940 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 499 Alvarado St
Date
Details
Price
Change
Source
4/30/2024
Price Reduced
$3,400,000
-13.92%
MLS
2/27/2024
Price Reduced
$3,950,000
-14.13%
MLS
2/01/2024
Listed
$4,600,000
348.78%
MLS
6/21/1991
Sold
$1,025,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 499 Alvarado St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,135
1%
$1,438,970
2%
2022
$16,960
2%
$1,410,756
2%
2021
$16,626
4%
$1,383,095
1%
2020
$16,048
-4%
$1,368,914
2%
2019
$16,778
4%
$1,342,074
2%
2018
$16,159
7%
$1,315,760
2%
2017
$15,064
2%
$1,289,962
2%
2016
$14,820
1%
$1,264,669
2%
2015
$14,627
2%
$1,245,673
2%
2014
$14,402
2%
$1,221,273
—
2013
$14,117
—
$1,215,754
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 499 Alvarado St
499 Alvarado St, Monterey, CA 93940 (MLS# ML81953114) is a Industrial property. 499 Alvarado St is currently listed for $3,400,000 and was received on February 01, 2024. Want to learn more about 499 Alvarado St? Do you have questions about finding other Industrial real estate for sale in Monterey? You can browse all Monterey real estate or contact a Coldwell Banker agent to request more information.