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Former Ordway Pharmacy, Seller financing. 499 Alvarado St
7,873 SF 6% Leased Retail Building Monterey, CA 93940 £2,308,228 (£293/SF)
Investment Highlights
- • Best Corner in Downtown Monterey Where Alvarado Meets Munras and Pearl
- • 7873 SF Retail or Office or make the second floor Residential
- • Seller will carry with 20% down at a reasonable rate
- • Traffic Counts from 4500-14000, Located at Public Transportation Hub
- • Includes the adjacent parking lot on another APN
- • Rare opportunity has not been available for 4 decades
Executive Summary
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Bus Route
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Corner location on Pearl and Alvarado. 5 Huge retail windows facing Pearl St. 2 huge windows on Alvarado. Entry door to be constructed at corner, Parking Lot. THIS IS HALF OF THE FORMER RITE AID. Windows are tinted. Space can be expanded to 4500 SF on ground or add 3000 SF from second floor. See attached floor plans. This building is also for sale
First Retail door on Alvarado St. Huge retail windows facing Alvarado. Parking Lot. THIS IS HALF OF THE FORMER RITE AID. Windows are tinted. Space can be expanded to 4500 SF on ground or add 3000 SF from second floor. See attached floor plans. This building is also for sale All combined we have over 7377 SF for Lease divisible to 2150, 2500, 4500, and 3100.
- Office 3
- 2,838 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| Retail 1 | 2,150 SF | Retail | - | Now |
| Retail 2 | 2,450 SF | Retail | - | Now |
| Office 3 | 2,838 SF | Office | - | Now |
Retail 1
| Size |
| 2,150 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Retail 2
| Size |
| 2,450 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Office 3
| Size |
| 2,838 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Retail 1
| Size | 2,150 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Corner location on Pearl and Alvarado. 5 Huge retail windows facing Pearl St. 2 huge windows on Alvarado. Entry door to be constructed at corner, Parking Lot. THIS IS HALF OF THE FORMER RITE AID. Windows are tinted. Space can be expanded to 4500 SF on ground or add 3000 SF from second floor. See attached floor plans. This building is also for sale
Retail 2
| Size | 2,450 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
First Retail door on Alvarado St. Huge retail windows facing Alvarado. Parking Lot. THIS IS HALF OF THE FORMER RITE AID. Windows are tinted. Space can be expanded to 4500 SF on ground or add 3000 SF from second floor. See attached floor plans. This building is also for sale All combined we have over 7377 SF for Lease divisible to 2150, 2500, 4500, and 3100.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 001-574-012-000 | Improvements Assessment | £793,576 |
| Land Assessment | £332,346 | Total Assessment | £1,125,922 |
PROPERTY TAXES
-
Power Broker Anthony Davi -
A.G. Davi Property Management
Presented by
Former Ordway Pharmacy, Seller financing. | 499 Alvarado St
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