590 Del Monte Avenue, Monterey, CA 93940

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
590 Del Monte Avenue,Monterey, CA 93940
$999,000
  • 0.19 Acres
  • Lots / Land
  • Pending
Listed by: the ruiz group
Office: kw coastal estates
MLS#:ML81869824
Source:CRMLS

Price summary

  • Price:$999,000

About this home

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

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Home facts

  • Listing ID #:ML81869824
  • Added:854 day(s) ago
  • Updated:February 22, 2026 at 08:16 AM

Structure and exterior

  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$999,000
Based on information from California Regional Multiple Listing Service, Inc. as of February 22, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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