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585 Abrego St
Monterey, CA 93940 Old Monterey

$2,363,000

Office For Sale  •  9,033 Sq Ft

Property Details

  • Property Type Office
  • Total Building Size 9,033 Sq Ft
  • Lot Size 0.23 ac
  • Building Class C
  • Year Built 1961
  • Cap Rate 5.79 %
  • Tenancy Multiple
  • Zoning C-2 (Gen 1 Comm)
50 Transit Score
82 Walk Score

Description

Mahoney & Associates is pleased to offer a rare opportunity to purchase 419 Webster St./585 Abrego St in Monterey, CA. This premium building at the corner of Webster St. is a great investment or owner/user opportunity in the heart of downtown Monterey. The offering consists of a two-story 8,591 SF office building. The ground floor of 4,185 SF and is currently available. An owner occupant may qualify for SBA financing. The subject property is five blocks from the beach, two blocks from Lake El Estero, and is located in Monterey’s downtown commercial district.

Highlights

Zoning: C2 - Allows for a Wide Variety of Uses
On-site Parking Available & Street Parking
Great Downtown Location
Private Enclosed Patio
Private Restrooms
Kitchen

Property Flyers

Financial Summary

Cap Rate: 5.79 %

Public Transportation

AirportDriveWalkDistance
Monterey Regional Airport 7 min - 3.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
John Mahoney 831-646-1919 Mahoney & Associates
John Mahoney 831-646-1919 Mahoney & Associates