About 590 Del Monte Avenue
Prime location corner lot close to Downtown Monterey, Fisherman's Wharf, Del Monte Beach and many more desirable amenities, this site offers 8, 400sf of flat usable space with a 1, 090sf newly renovated building. Currently occupied by a dental office. Tenant has a three-year lease with an option for five more at market rate. Rents are below market due to a massive $300,000 remodel performed by the current tenant, including new sewer lateral, plumbing, electrical, roof, etc. Tenant willing to renegotiate lease terms. Upside opportunity for investor or developer. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only
Features of 590 Del Monte Avenue
| MLS® # | ML81869824 |
|---|---|
| Price | $999,000 |
| Bathrooms | 0.00 |
| Lot Size | 8,400 |
| Type | Land |
| Style | Patio Home |
| Status | Pending |
Community Information
| Address | 590 Del Monte Avenue |
|---|---|
| Area | 699 - Not Defined |
| City | Monterey |
| County | Monterey |
| Zip Code | 93940 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Back Yard, Level, Street Level, Greenbelt, Lawn, Near Park, Pasture |
|---|
Additional Information
| Date Listed | November 10th, 2021 |
|---|---|
| Days on Market | 79 |
| Zoning | PC-Planned Community |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | The Ruiz Group |
|---|---|
| Office | KW Coastal Estates |