650 E Franklin Street 650 E Franklin Street Monterey, California 93940 Estados Unidos
$1,299,000
- 1,125 ft²
- Interior
- 14,374.8 Acres
- Exterior
- Commercial
- Tipo de inmueble
- 1943
- Año de construcción
- 1943
- Año Renovado
- ML81867673
- Id. web
- ML81867673
- ID MLS
- 1,638
- hace días
This Property is Currently Contract Pending
About 650 E Franklin Street
Owner Financing available for Commercial Listing or High Density Multi-Family in Monterey. Located close to Downtown Monterey, Fishermans Wharf, and many more desirable amenities, this site offers almost 1/3 acre of flat usable space with a 1,132sf building, currently occupied by a garden center. Tenant is month to month, but willing to stay. Rents are below market. 3.7% Cap Rate at current rents. Upside opportunity for investor or developer. Prime Monterey location. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. Terms 30% down, 4% interest only, amortized over 25 years due in 20. Please do not disturb tenants. Business is not for sale. Tenants wish to remain. Shown by appointment only.
Listing Courtesy of KW Coastal Estates
Listing Courtesy of KW Coastal Estates
PROPERTY INFORMATION
- Heating
- Forced Air
- Parking Description
- Other
- Water
- Public
EXTERIOR
- Roofing
- Composition Shingles
Listing Courtesy of KW Coastal Estates