0
0 Beds
0 Baths
0.19 Acres
0 ft2

590 Del Monte Monterey, CA

$999,000

Request More Information:

Property Description

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

New to our site?


If you Register you will have access to extra features such as the ability to save listings and property searches. You can also bypass the search feature and have listings sent to your email address.

Property Information

  • Address: 590 Del Monte, Monterey, CA 93940. 
  • Price: $999,000 
  • Acres: 0.19 
  • MLS #: ML81869824 
  • Listing Courtesy of: KW Coastal Estates 
  • City: Monterey 
  • Postal Code: 93940 
  • County: Monterey 
  • Property Square Footage: 8400.00 

Other

  • Description: 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 
  • List Date: November 10, 2021 
  • Status: Pending 

Other

  • Listing Agent State License: 70010112 
  • Listing Office State License: 01980326 

I'd like to request a showing of:

Based on information from California Regional Multiple Listing Service, Inc. as of May 18th, 2022 at 13:44:04PM UTC. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.