$999,000
 $5,363 est/mo Sourced by Back At You

590 Del Monte Avenue,Monterey, CA 93940

Monterey, CA 93940

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Description

Prime location corner lot close to Downtown Monterey, Fisherman's Wharf, Del Monte Beach and many more desirable amenities, this site offers 8, 400sf of flat usable space with a 1, 090sf newly renovated building. Currently occupied by a dental office. Tenant has a three-year lease with an option for five more at market rate. Rents are below market due to a massive $300,000 remodel performed by the current tenant, including new sewer lateral, plumbing, electrical, roof, etc. Tenant willing to renegotiate lease terms. Upside opportunity for investor or developer. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only. PLEASE DO NOT DISTURB TENANT. Business is not for sale. Tenant wish to remain. Shown by appointment only

Details

MLS #ML81869824
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Days On Site1779
Listing Provided ByKW Coastal Estates | The Ruiz Group

Features

ZoningPC-Planned Community
Acreage0.19

Exterior

Lot FeaturesBack Yard, Greenbelt, Lawn, Level, Near Park, Pasture, Street Level
FencingNone

Location

Community FeaturesPark

Area Information

StateCA
CountyMonterey
CityMonterey
Zip Code93940
Area699 Not Defined
Sourced by Back At You

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Learn More About This Property

Ray Lago

Ray Lago

Desert Lifestyle Properties

02007780 (714) 317-6144raythedesertrealtor@gmail.com
StateCA
CountyMonterey
CityMonterey
Zip Code93940
Area699 Not Defined
Sourced by Back At You
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Listing Updated: August 21, 2026 at 10:42:03 PM PDT