Welcome to the Soho of the Monterey Peninsula, an exceptionally rare investment and development opportunity in the heart of Sand City. Positioned in one of the Peninsula's most dynamic and evolving micro-markets, this property offers significant upside with city-supported potential for a six-story residential development. Preliminary discussions have included two… Read More levels of parking and four levels of residential housing, with flexibility for a blend of market-rate and affordable units. Sand City has expressed openness to creative site planning, including potential use of and acquisition of adjacent portions of the bordering dead-end streets to enhance access and circulation. Upper level units above the third floor are anticipated to capture some of the most compelling views in the area. The existing improvements include a multi-tenant commercial structure featuring five office suites, six upper-level storage units, four ground-level garage bays (one with accessory office space) and two additional storage units. Most spaces are currently leased on a month to month basis providing immediate income. This is an exceptional opportunity to reimagine and capitalize on one of the Monterey Peninsula's most promising urban corridors. Read Less
Courtesy of Douglas Elliman of California, Inc., Kathleen McCrystal 831-915-6879
Listing Snapshot
Days Online
12
Last Updated
Property Type
Multiple Dwellings / Structures
Square Ft.
7,632
Lot Size
0.19 Acres
Year Built
1988
MLS Number
ML82044101
30 Days Snapshot Of 93955
$1.06M
+12%
(avg) sold price
4
-66%
homes sold
12
-69%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 8250.00, Max Area Units: Square Feet
Unit One
Unit 1 rent: $350
Unit Two
Unit 2 rent: $200
Unit Three
Unit 3 rent: $200
Unit Four
Unit 4 rent: $140
Accessibility Features
None
Building
Built in 1988, 1 building, 7,632 structure square feet
Roof
Shingle
Utilities
Public Utilities
Sewer
Sewer - Public
Security Features
Other
Heating
Other
Cooling
None
Foundation
Concrete Perimeter and Slab
Water Features
Public
Miscellaneous
Vacancy factor: 5
Tenant Pays
None
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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