Active

761-767 Lighthouse AVE

MONTEREY CA, 93940

$2,150,000


$300.70 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

July 13, 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

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 12:25 PM UTC, 7/13/2024

 

 

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