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1015 Cass St

6,015 SF 100% Leased Office Building Monterey, CA 93940 $1,599,999 ($266/SF)

Investment Highlights

  • Vacant and Ready for Commercial/Office User to Occupy
  • Currently Configured as 14 Office Units
  • City of Monterey Planning Approval for Seven Residential Apartment Units

Executive Summary

Located in the heart of the downtown Monterey’s medical district, the property is currently vacant and is well suited for an owner/user or redevelopment. Currently configured as 14 separate office spaces, the sale of the property includes City of Monterey planning approval to convert the existing buildings to seven (7) residential apartment units. The building plans have been created and are in the process of being approved by the City of Monterey Building Department.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
6,015 SF
Building Class
C
Year Built
1948
Price
$1,599,999
Price Per SF
$266
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,008 SF
Slab To Slab
8’
Building FAR
0.34
Land Acres
0.41 AC
Zoning
CO-ES
Parking
15 Spaces (2.49 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
001-671-034-000
Land Assessment
$836,400
Improvements Assessment
$622,200
Total Assessment
$1,458,600
  • Listing ID: 33950267

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 1015 Cass St, Monterey, CA 93940

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