1058 Munras Ave | Monterey, CA 93940
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1058 Munras Ave
Monterey, CA 93940
Arbor Inn · Hospitality Property For Sale
·
27,612 SF
INVESTMENT HIGHLIGHTS
- Well performing Inn - in the heart of Monterey, California.
- Low assumable financing for qualified buyers with high equity.
- Possible to have TIC fractional sale ranging from $1 million -$14 million value to satisfy buyer's 1031 or 1033 exchange.
- Walk to historic Monterey Downtown tourist attractions, shopping, restaurants, and parks.
- Seller is open to Partnership through a single purpose LLC, if buyer needs a partner to complete purchase.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1982 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.89 AC | Parking Ratio | 2.03/1,000 SF |
| Building Size | 27,612 SF | Corridor | Exterior |
| Zoning | CR | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 27,612 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Tenancy | Single |
| Parking Ratio | 2.03/1,000 SF |
| Corridor | Exterior |
| Zoning | CR |
ABOUT 1058 MUNRAS AVE , MONTEREY, CA 93940
This beautiful 56u Commercial Hospitality Property is located on Munras Avenue in Monterey, California. Property is listed for sale and has a 1 bedroom manager’s apartment connected with the lobby. Built in 1982, the property includes a 2-story Motel with 56 rooms with new carpet and furniture.
PROPERTY TAXES
| Parcel Number | 001-671-025-000 | Improvements Assessment | $7,248,092 |
| Land Assessment | $2,207,778 | Total Assessment | $9,455,870 |
PROPERTY TAXES
Parcel Number
001-671-025-000
Land Assessment
$2,207,778
Improvements Assessment
$7,248,092
Total Assessment
$9,455,870
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