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$ 3,345,000
Est. payment | /mo
0.29 Acres Lot
$ 3,345,000
Est. payment | /mo
0.29 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81949733
HOA Y/N No
Year Built 1969
Annual Tax Amount $26,270
Lot Size 0.287 Acres
Property Description
Location..Square footage..Interior amenities..Views and access to dowtown & freeway travel ! These are the ingredients to an exceptional multi-tenant office building ready for Owner-User purchase. Long term tenants with long term leases occupy floors 1 & 2. Third floor is now available for additional tenants or owner use. Overlooking the magnificent Lake El Estero, this creation satisfies ambiance and investment requirements. Expansive covered parking for employees & clients and situated only minutes from the marvelous city of Monterey. Both 2d and 3rd floors have private decks and present the floor to ceiling windows designed to create an exceptional atmosphere. The full solar package has eliminated electrical expenses, benefitting the owner & ecology alike. 28 total rooms give an enormous degree of flexibility in use. POSSIBLE RESIDENTIAL CONVERSION available. Total of 6 full bathrooms plus kitchen areas are further highlights of this fabulous opportunity to both own and use this marvelous property as a springboard to your next productive financial adventure. An impressive cap rate and solid income generation history makes this a natural selection for your purchase agenda. Zoned R-3-6-AP available for residential conversion on the 3rd floor of approx. 3600 square feet.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R-3-6-AP
Interior
Heating Forced Air, Radiant, Solar
Cooling None
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 24
Building
Story 3
Water Public
Others
Tax ID 001846012000
Listed by Mick Pfaff • Sotheby's International Realty
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Josh Brown
REALTOR® | Lic# 1511269