Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1249 Josselyn Canyon Rd Monterey, CA 93940

    For Sale
    $5,750,000

    Prime Monterey commercial property, 21,990 sq ft, 6.85 acres.

    Property size:
    21,990 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 21,990 square foot commercial property, situated on a sprawling 6.85-acre lot in Monterey, California, presents a remarkable investment opportunity. Previously operating as Ave Maria Convalescent Hospital, this versatile facility is ideally positioned for a variety of uses. The property boasts six distinct structures, offering ample space and flexibility. Two substantial buildings, designed for patient care and administration, feature a total of 49 beds. On-site staff accommodations are provided, ensuring convenient management. Additional structures include dedicated food storage and walk-in freezers, a four-car garage with a workshop, and a separate storage casita. Internal features are equally impressive, encompassing a welcoming reception area, administrative offices, a comfortable employee break room, a fully equipped commercial kitchen, and two conveniently located laundry areas. A large basement provides extensive storage, complemented by two spacious activity rooms. The property also includes a well-lit parking lot with a capacity of 32 vehicles. This unique offering, rarely seen in the Monterey market, combines substantial square footage, expansive acreage, and a desirable location in a forested setting, making it an exceptional addition to any discerning investor's portfolio. The property's central location within the sunbelt further enhances its appeal and potential.

    Property Features for 1249 Josselyn Canyon Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    21,990 SF
    Lot Size
    298,386 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ave Maria Convalescent ... Nursing Home

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.8647
    Latitude
    36.58501

    Nearby Similar for Sale

    • $1,750,000
      3,436 SF

      Monterey Fourplex with ADU Potential

      Fourplex in New Monterey with approved ADU plans.
      830 Parcel St, Monterey, CA 93940
      View Details
    • $3,700,000
      16,563 SF

      Monterey Commercial Corridor Opportunity

      Partially occupied commercial property in Monterey's commercial corridor.
      539 Ramona Ave, Monterey, CA 93940
      View Details
    • $1,990,000
      7,120 SF

      Monterey Retail Property For Sale

      Retail property with high visibility and redevelopment potential in Monterey.
      2240-2252 Fremont St, Monterey, CA 93940
      View Details
    • $1,045,000

      Monterey Duplex Near Attractions

      Duplex in Monterey near beaches, shops, and cultural attractions.
      1270 6Th St, Monterey, CA 93940
      View Details
    • $5,000,000
      11,972 SF

      Retail Property in Monterey, CA

      Multi-tenant retail property in a dense, affluent Monterey community.
      439 Alvarado St, Monterey, CA 93940
      View Details
    • $2,200,000
      5,049 SF

      Lighthouse Avenue Retail Opportunity

      Retail properties on Lighthouse Ave, Monterey, CA for sale.
      585-599 Lighthouse Ave, Monterey, CA 93940
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Monterey commercial property, 21,990 sq ft, 6.85 acres.
    Where is this commercial real estate located?
    The property is located at 1249 Josselyn Canyon Rd Monterey, CA.
    What is the asking price?
    The asking price for this property is $5,750,000.
    (831) 626-2221
    Request Owner's contact information
    1249 Josselyn Canyon Rd Monterey, CA 93940
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1249 Josselyn Canyon Rd
    Monterey, CA 93940
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1249 Josselyn Canyon Rd Monterey, CA 93940
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.