1251 1st St
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1251 1st St
3,130 SF 100% Leased Retail Building Monterey, CA 93940 $2,300,000 ($735/SF)
Investment Highlights
- Minutes away from Cannery Row
- Prime location
- Investment opportunity
Executive Summary
Welcome to an exceptional investment opportunity featuring a prime commercial space, a four-unit apartment building with garage parking, and am additional, spacious parking lot. The commercial space, strategically located on a bustling street, boasts large windows that flood the interior with natural light, creating an inviting atmosphere for potential businesses. The four-unit apartment building offers modern living with well-appointed units making it an attractive option for renters. There are 3 single car garage spaces for storage or parking as well. This property will also include 1260 Del Monte Ave; a generous parking lot, convenient for both residents and customers. This multifaceted asset not only promises a steady income stream but also positions you in a vibrant community with endless potential for growth. Close to the Naval Postgraduate School, Fisherman’s Wharf, Del Monte beach, and downtown Monterey!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,130 SF
Building Class
C
Year Built
1950
Price
$2,300,000
Price Per SF
$735
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.33 AC
Zoning
MU - mixed use, residential, office, retail
Parking
6 Spaces (1.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Bike Score ®
Very Bikeable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 001-824-008-000 | Improvements Assessment | $468,180 |
| Land Assessment | $754,290 | Total Assessment | $1,222,470 |
PROPERTY TAXES
Parcel Number
001-824-008-000
Land Assessment
$754,290
Improvements Assessment
$468,180
Total Assessment
$1,222,470
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eXp Realty
1251 1st St
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