761767 Lighthouse Avenue, Monterey
Monterey Home For Sale
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.
Property Details
Additional Information
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- City:
- Monterey
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- County:
- Monterey
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- Zip:
- 93940
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- MLS® #:
- ML81954010
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- Lot Size:
- 0.22
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- HOA Dues:
- $
Price Change History for 761767 Lighthouse Avenue, Monterey, (MLS® #ML81954010)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $2,250,000) | $2,150,000 | $100,000 (4.44%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 14th, 2024 at 9:30am PDT. 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.