Property Details
About this Property
Owner Financing available for Commercial Listing or High Density Multi-Family in Monterey. Located close to Downtown Monterey, Fishermans Wharf, and many more desirable amenities, this site offers almost 1/3 acre of flat usable space with a 1,132sf building, currently occupied by a garden center. Tenant is month to month, but willing to stay. Rents are below market. 3.7% Cap Rate at current rents. Upside opportunity for investor or developer. Prime Monterey location. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. Terms 30% down, 4% interest only, amortized over 25 years due in 20. Please do not disturb tenants. Business is not for sale. Tenants wish to remain. Shown by appointment only.
MLS Listing Information
MLS #
ML81867673
MLS Source
MLSListings, Inc.
Commercial Information
Parking Spaces
0
Present Use
Other, Retail
Utilities
Public Utilities, Water - Public
Interior Features
Cooling
None
Heating
Forced Air
Exterior Features
Roof
Composition
Foundation
Slab
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Zoning
PC-planned community
Neighborhood: Around This Home
Neighborhood: Local Demographics
650 E Franklin St is a Commercial Sale in Monterey, CA 93940. This 1,125 square foot property sits on a 0.328 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,200,000 and was built in 1943. This address can also be written as 650 E Franklin St, Monterey, CA 93940.
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Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of June 28, 2024. For the most current information, please contact The Ruiz Group, (831) 392-6993
