590 Del Monte Avenue, Monterey, CA 93940

Local realty services provided by:Better Homes and Gardens Real Estate Town Center
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:909 day(s) ago
  • Updated:September 26, 2025 at 07:31 AM

Structure and exterior

  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$999,000
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