CA > Monterey
Monterey, CA 93940,499 Alvarado ST
Monterey, CA 93940,499 Alvarado ST
Monterey, CA 93940,499 Alvarado ST
37
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$2,686,250
$2,700,000 0.5%
Est. payment /mo
7,873 SqFt
Sold on 09/12/2025

499 Alvarado ST Monterey, CA 93940

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Deven Siggins
Deven Siggins

Agent | License ID: 01989481

+1(831) 508-9596

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UPDATED:

Key Details

Sold Price $2,686,250

Property Type Commercial

Sub Type Commercial Property

Listing Status Sold

Purchase Type For Sale

Square Footage 7,873 sqft

Price per Sqft $341

MLS Listing ID ML81953114

Sold Date 09/12/25

Year Built 1951

Lot Size 10,237 Sqft

Property Sub-Type Commercial Property

Property Description

Rare Landmark freestanding building in the heart of downtown Monterey with pull up parking which is very rare in Downtown Monterey. 7873 SF of Retail and office. Seller will consider financing with 20% down and approved financials. Steps to Trader Joes and Fisherman's Wharf, surrounded by 1500 Hotel Rooms and across the street from the Monterey Public Transport hub making it easily accessible by visitors and public transportation. Boasting a walk score of 90 and bike score of 80. After 40 years as the local pharmacy destination the building is vacant - perfect for a single tenant or split the ground floor for 2 retail users and use the existing water credits for apartment on the second floor. Proforma rents as a single tenant result in a 5% Cap

Location

State CA

County Monterey

Area Downtown/Fisherman Wharf

Zoning C1

Rooms

Other Rooms Office Area, Safe / Panic / Room

Interior

Heating Central Forced Air

Cooling Central Forced Air - Gas

Flooring Carpet

Exterior

Parking Features Off-Street Parking

Utilities Available Public Utilities

Roof Type Composition

Present Use Business/Professional,Medical/Dental,Retail

Building

Story 2

Foundation Concrete Slab

Sewer Sewer - Public

Water Private / Mutual

Level or Stories 2

Others

Restrictions None

Tax ID 001-574-012-000

Security Features Closed Circuit Monitoring (24-hour)

Special Listing Condition Not Applicable

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Deven Siggins

Deven Siggins

Agent | License ID: 01989481

+1(831) 508-9596

Name
Phone*
Message

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499 Alvarado ST