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    24480 Citation Ct Monterey, CA 93940

    For Sale
    $587,000

    1.59 Acres, Prime Location, $587,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 1.59-acre commercial land parcel presents a unique investment opportunity in the desirable Monterey, CA market. Located at 24480 Citation Court, this property offers significant potential for a variety of commercial ventures. The expansive acreage provides ample space for development, allowing for flexibility in design and functionality. Its strategic location within Monterey ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in this vibrant community. The property's zoning regulations should be independently verified to ensure compatibility with intended development plans. Given the size and location, this land is well-suited for a range of commercial uses, from retail establishments and office spaces to light industrial facilities or potentially even a mixed-use development. Prospective buyers are encouraged to conduct their own due diligence to assess the property's suitability for their specific business needs and to explore the potential for maximizing its value. The asking price of $587,000 represents a compelling entry point into the Monterey commercial real estate market, offering a strong return on investment for the discerning buyer. This is a rare opportunity to acquire a substantial land parcel in a prime location, presenting a blank canvas for a successful commercial undertaking. Serious inquiries are welcome.

    Property Features for 24480 Citation Ct

    General Information

    Property type
    Other commercial real estate
    Lot Size
    69,260 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Dental Office Spa & Massage Law Firm Wholesale Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.8078
    Latitude
    36.57431

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    FAQs

    What type of property is this?
    Commercial real estate - 1.59 Acres, Prime Location, $587,000
    Where is this commercial real estate located?
    The property is located at 24480 Citation Ct Monterey, CA.
    What is the asking price?
    The asking price for this property is $587,000.
    (831) 646-1000
    Request Owner's contact information
    24480 Citation Ct 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
    24480 Citation Ct Monterey, CA 93940
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