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    400 Tyler St Monterey, CA 93940

    For Sale
    $1,200,000

    Commercial Lots & Land - MONTEREY, CA

    Lot size:
    0.12 Acres
    Days on Market:
    144
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 400 Tyler St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C1
    Lot size
    0.12 Acres

    Building Details

    Architectural style
    Other

    Keller Williams Coastal Estates (831) 622-6200 [email protected]

    Listing agent Monterey Peninsula Home Team (831) 622-6200 License #70000352

    Listing date Jul 24, 2025

    MLS# ML82015764 Listing URL

    Copyright © 2025 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Monterey Corner Lot with Plans

    This corner lot, located at the intersection of Pearl St and Tyler St in downtown Monterey, offers plans for the construction of six residential units. The property is situated across from the Monterey Transit Center and is within walking distance of Alvarado St, downtown Monterey, Trader Joe's, Fisherman's Wharf, Monterey Harbor, and Del Monte Beach. The owner has secured plans for a 9650 square-foot building on the 5630 square-foot lot (approximately 0.121 acres). The intended use is for a mixed-use project with ocean views, including one 4-bedroom, 4-bathroom unit (2000 square feet) and two 3-bedroom, 3-bathroom units. The designs are for high-end apartments resembling condos. Water can be obtained through the City of Monterey or requested from private wells owned by the seller in downtown Monterey. The zoning is C1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn 12 Bar ... Bar & Grill

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.8936567
    Latitude
    36.5997162

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    FAQs

    What type of property is this?
    Commercial land - Corner lot with plans for six residential units in Monterey.
    Where is this commercial land located?
    The property is located at 400 Tyler St Monterey, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Approved plans for a six-unit residential building in downtown Monterey.; - Prime corner lot location near the Monterey Transit Center, Alvarado St, and downtown amenities.; - Development plans include a large 4-bedroom, 4-bathroom unit with ocean views.
    (831) 622-6200
    Request Owner's contact information
    400 Tyler St Monterey, CA 93940
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    Monterey, CA 93940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Tyler St Monterey, CA 93940
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