Mahoney & Associates Commercial Real Estate | 831.
646.
1919
Property Address: 761 Lighthouse Ave, Monterey, CA 93940
Building Size: ± 7,150 SF
Lot Size: ±9,720 SF
Parking: 9 Spaces
Average Daily Traffic: ± 19,221 Cars
Mahoney & Associates is pleased to present 761-767 Lighthouse Ave.
Monterey, CA 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.
For over 40 years Mahoney & Associates have provided the market knowledge and guidance needed to generate superior financial returns for our clients.
We specialize in the leasing and sale of retail and industrial properties, office buildings, apartments, hotels/ motels, and land for development.
Asset management and consulting services are also provided.
We realize that the success we achieve is in direct proportion to the quality and service we provide to the client.
We do not take any business for granted, and sincerely appreciate the opportunity to represent you in any and all aspects of commercial real estate.
The information contained herein has either been given to us by the owner of the herein described real property or obtained from sources we consider reliable.
However, we do not represent that it is accurate or complete and it should not be relied upon as such.
All of the information contained herein is subject to change without notice.
Offered By
James Kendall
Commercial Sales Person | DRE #02010395
Mahoney & Associates
501 Abrego St.
Monterey, CA 93940
https://www.
mahoneycommercial.
com/
T: (831)646-1919
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