• ALVARADO MONTEREY, CA 93940

  • 2 Baths 7,873 SqFt
  • Commercial / Owner Financing

Property Details for ALVARADO St, MONTEREY, CA 93940

Features

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

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

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Property Brokerage: Keller Williams Coastal Estates 26135 Carmel Rancho Blvd Ste F 200 Carmel CA 93923
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All information provided is deemed reliable, but is not guaranteed and should be independently verified.