761767 Lighthouse Avenue, Monterey, CA 93940
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Listed Price :
$2,075,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1970
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
761767 Lighthouse Avenue |
| City |
Monterey |
| State |
CA |
| Zip |
93940 |
| County |
Monterey |
| Listing Agent |
James Kendall DRE #02010395 |
| Courtesy Of |
Baird Partnership, Inc. |
| List Price |
$2,075,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
9,720 |
| Year Built |
1970 |
Listing information courtesy of: James Kendall, Baird Partnership, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 15th, 2024 at 12:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
