Restaurant with Outdoor
For Sale
Contact for pricing
220 Olivier ST, Monterey, CA 93940
The dining space includes a fully equipped kitchen, bar infrastructure, and seating areas indoors and outdoors.
Property Size1,392 SF
Price / SF$6.82
Days on Market24
Property Features for 220 Olivier ST
General Information
Standard status
Active
Size
1,392 SF
Additional Details
Patio
Yes
Building Details
Year Built
1972
Listing Agency:
Compass
Listed By:
Guy Giuffre · License #01393931
(831) 566-5430
Source:
Giuffreproperties
Added: Oct 6
Changed: Oct 28
Last Checked: Oct 28 at 3:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
A restaurant space at 220 Olivier Street includes a fully equipped kitchen, a dedicated dishwashing station, existing bars, and installed beer lines. The layout provides approximately 50 outdoor seats and 20 indoor seats. The building dates to 1972.
The property is in downtown Monterey, near Fishermans Wharf and the Portola Hotel & Spa. Use of a full liquor license is offered, subject to applicable approvals and lease terms.
The property is in downtown Monterey, near Fishermans Wharf and the Portola Hotel & Spa. Use of a full liquor license is offered, subject to applicable approvals and lease terms.
Key Highlights
- Approximately 50 outdoor seats and 20 indoor seats
- Fully equipped kitchen with a dedicated dishwashing station
- Existing bars and installed beer lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,206
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,120
$744.1K
Cap Rate 7%
$531,514
$531.5K
Cap Rate 9%
$413,400
$413.4K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$51.8K $37.20/SF
− Vacancy
−$2.2K −$1.56/SF
EGI
$49.6K $35.64/SF
− OpEx
−$12.4K −$8.91/SF
NOI
$37.2K $26.73/SF
Area
Monterey County, CA
Vacancy
4.20%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,120
Cap Rate 7%
$531,514
Cap Rate 9%
$413,400
Alternative Uses
Best Use
Specialty Retail
$531.5K
$465.1K – $620.1K
NOI $37,206 @ 7.0% cap · market cap 391.64%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,379
Businesses Nearby
162k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 21%
Groceries 18%
Hotels & Casinos 9%
McDonald's
Dining
38,445 visits/mo
0.4 miles
Trader Joe's
Groceries
29,588 visits/mo
0.5 miles
Peet's Coffee & Tea
Dining
15,333 visits/mo
0.4 miles
Monterey Marriott
Hotels & Casinos
15,072 visits/mo
0.2 miles
Bank of America
Shops & Services
9,197 visits/mo
0.3 miles
Demographics for 93940, CA
30,454
Population
15,451
Households
2
Avg Household Size
43
Median Age
54%
College-Educated
94%
High-School Grad
35.1 sq mi
ZIP Area
868
Density / Sq Mi
$110,669
Median Household Income
$62,711
Median Earnings
$2,305
Median Rent
$1,039,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Ambrosia India Bistro - Monterey — 565 Abrego St, Monterey, CA 93940
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The dining space includes a fully equipped kitchen, bar infrastructure, and seating areas indoors and outdoors.
Where is this conventional restaurant located?
The property is located at 220 Olivier ST Monterey, CA.
What are key features of this property?
This property features: Approximately 50 outdoor seats and 20 indoor seats; Fully equipped kitchen with a dedicated dishwashing station; Existing bars and installed beer lines
