245 Washington St
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245 Washington St
5,630 SF Office Building Monterey, CA 93940 £2,003,750 (£356/SF)
Investment Highlights
- Close to Monterey Wharf and downtown Monterey
- 11 On-site parking spaces, plus a large city parking lot nearby
- Second floor suites each equipped with full bathrooms
- Great street visibility with high traffic
- Adjacent to public transportation
Executive Summary
Mahoney & Associates is pleased to offer for sale 245 Washington St. in Monterey. This two story, ±5,630 SF building will be delivered vacant, making it a great owner/user opportunity. Recent upgrades made to ground floor office units, and second floor is comprised of three separate office suites, each with their own full bathrooms. Property is currently zoned as Open Space and is not a part of the waterfront Master Plan. Current allowed use is for medical/office use as legal, nonconforming.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,630 SF
Building Class
B
Year Built/Renovated
1971/2024
Price
£2,003,750
Price Per SF
£356
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,815 SF
Building FAR
0.56
Lot Size
0.23 AC
Zoning
Open Space - Currently zoned as Open Space and is not a part of the waterfront Master Plan. Current allowed use is for medical/office use as legal, nonconforming.
Parking
11 Spaces (1.95 Spaces per 1,000 SF Leased)
Amenities
- Accent Lighting
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Walk Score ®
Very Walkable (74)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 001-701-003-000 | Improvements Assessment | £833,881 (2024) |
| Land Assessment | £833,881 (2024) | Total Assessment | £1,667,761 (2024) |
PROPERTY TAXES
Parcel Number
001-701-003-000
Land Assessment
£833,881 (2024)
Improvements Assessment
£833,881 (2024)
Total Assessment
£1,667,761 (2024)
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245 Washington St
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