Property Details
About this Property
First time on the market in 20 years, rarely available, investment/exchange opportunity located in the increasingly popular Carmel Valley Village. Close to local wineries, restaurants, and shopping, this 4800 SF parcel features 8200 SF of rentable space including 3 retail stores on the main level. Upper level is spacious, great natural light with 6 skylights and a balcony, upstairs is currently rented out as multiple offices with a common area. Long term tenants, some have been there 18+ years and all the leases are now MTM, which allows a buyer to negotiate increased rents. Dry cleaner uses non-toxic materials and disposes of waste in the upmost environmentally friendly way. 3 separate electric meters downstairs retail spaces and 2 electric meters dividing upstairs. Part of the Carmel Valley Village Center which is a focal point of commerce and activity with ample parking. CAP rate of just over 4% is based on the "projected market rents" as the existing rents are below market.
MLS Listing Information
MLS #
ML81926325
MLS Source
MLSListings, Inc.
Days on Site
155
Buyer's Brokerage Compensation*
2.50%
Commercial Information
# Buildings / # Units
1 / 7
Parking Spaces
6
Present Use
Mixed, Office, Retail
Utilities
Public Utilities
Interior Features
Flooring
Carpet, Tile, Vinyl/Linoleum
Cooling
Other
Heating
Central Forced Air, Electric, Gas, Other
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter and Slab
Parking, School, and Other Information
Zoning
C1
Contact Information
Listing Agent
Monterey Peninsula Home Team
Kw Coastal Estates
License #: 00979288
Phone: (831) 594-3290
Co-Listing Agent
Cory Otterness
KW Coastal Estates
License #: 02016158
Phone: (831) 869-3992
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 7 |
Nearby Homes for Sale
13748 Center St is a Commercial Sale in Carmel Valley, CA 93924. This 8,220 square foot property sits on a 4,800 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,495,000 and was built in 1965. This address can also be written as 13748 Center St, Carmel Valley, CA 93924.
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This listing information is up-to-date as of July 28, 2023. For the most current information, please contact Monterey Peninsula Home Team, (831) 594-3290
