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499 Alvarado Street Monterey, CA 93940
$2,700,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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

Listing Details

Property type: (Commercial)
Status: Active
MLS# ML81953114
List price is $2,700,000 Reduced by $250,000 on 4/3/2025
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1951
0.24 acres
Lot size: 0.2350
County: Monterey
Zoning: C1
Heating/cooling: Gas
Heating description: Central
MLS area: 699 - Not Defined

Last Updated: 4/3/2025

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 36.597861, -121.894657.
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Listing Agent: Monterey Peninsul...
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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