Active
761-767 Lighthouse AVE
MONTEREY CA, 93940
$2,075,000
$290.21 per sqft
Active
7,150 sqft
Commercial
Built in 1970
Listed by Baird Partnership, Inc., James Kendall, Listing Contact: 8312750129
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.
ML81954010
MLSⓇ ID
February 12, 2024
Listed
August 23, 2024
Updated
Map
761-767 Lighthouse AVE
MONTEREY CA, 93940
Interior Features
Total Stories
2
Interior Features
Carpet, Concrete
Floor Description
Carpet, Concrete
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.22 Acres
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
Cannery Row/Lighthouse Business District
Garage
No
Parking
Off Street
Parking Total
9
View
No
County
Monterey
Water Source
Public
Pool
No
Zoning
Commercial/Mixed-use - Lighthouse Specific Plan
Listing History
Date | Event | Price |
---|---|---|
7/25/2024 | Price change | $2,075,000 -4% |
5/25/2024 | Price change | $2,150,000 -5% |
Listed by Baird Partnership, Inc., James Kendall,
Listing Contact: 8312750129
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Data last updated 10:51 AM UTC, 8/23/2024