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761-767 Lighthouse Ave, Monterey, CA 93940
$2,150,000
761-767 Lighthouse Ave, Monterey, CA 93940View this property at 761-767 Lighthouse Ave, Monterey, CA 93940
761-767 Lighthouse AveMontereyCA93940
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Property Description
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.
Full Property Details
Full Property Details for 761-767 Lighthouse Ave
General
- Price: $2,150,000
- Status: Active
- Type: Industrial
- MLS ID: ML81954010
- Updated: 5/24/2024
- Added to Site: 125 day(s) ago
Rental Information
- Complex Features: 1 Restroom per Unit, Front Sign, Multi-Tenant Building, Office
Interior
- Flooring: Carpet, Concrete, Vinyl / Linoleum
Additional Information
- Extras: Not Applicable
- Security/Safety: Other
Parking
- Parking Features: Common Parking Area, Off-Street Parking, On Street, Unassigned Spaces
Location
- Area: Cannery Row/Lighthouse Business District
- County: Monterey
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public Utilities
- Metering: Master Electric, Master Gas, Master Water, Separate Gas, Separate Other
Structural Information
- # Buildings: 2
- Foundation: Concrete Slab
- Roof: Bitumen, Shingle
- Disability Access: Parking
- Square Feet: 7,150
- Office: 2,775 Sq. Ft.
- Year Built: 1970
Unit Information
- Units in Complex: 5
Lot Features
- Lot Size (Acres): 0.2231
- Minimum Lot Size: 9720
- Lot Size (Sq. Ft.): 9,720
- Yard Description: 9720 Sq. Ft.
- Present Use: Retail
- Zoning: Commercial/Mixed-use - Lighthouse Specific Plan
Disclosures and Reports
- Restrictions: None
Listed by Baird Partnership, Inc., James Kendall
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Price & Sales History for 761-767 Lighthouse Ave
Date
Details
Price
Change
Source
5/24/2024
Price Reduced
$2,150,000
-4.44%
MLS
2/12/2024
Listed
$2,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Estimate the Cost for 761-767 Lighthouse Ave
761-767 Lighthouse Ave, Monterey, CA 93940 (MLS# ML81954010) is a Industrial property. 761-767 Lighthouse Ave is currently listed for $2,150,000 and was received on February 12, 2024. Want to learn more about 761-767 Lighthouse Ave? 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.