299 Lighthouse AVE Monterey, CA 93940
COMMERCIAL - MONTEREY, CA
- Added:
- Jul 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 10 at 8:06 pm
Property Features for 299 Lighthouse AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Parking features
- On Street
- Standard status
- Active
- Lot size
- 0.21 Acres
Utilities
- Heating system
- Natural Gas, Forced Air, Central
- Water source
- Private
Building Details
- Year built
- 1964
- Flooring type
- Carpet, Linoleum
- Roof type
- Shingle, Composition
Listing agent Monterey Peninsula Home Team License #70000352 (831) 594-3290
Listing office KW Coastal Estates 26135 Carmel Rancho Blvd Ste F 200, Carmel, CA (831) 622-6200
Listing date Jul 8, 2026
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The building is situated on a major Monterey thoroughfare at a busy corner location at the intersection of Lighthouse Ave and Dickman Ave. This corner positioning is typically useful for retail visibility and customer access, with the loading functionality separated to a side street via the roll-up door.
For tenants or buyers, the property’s current configuration aligns with furniture-style retail use, while the Comm zoning and existing improvements also provide a basis to explore alternative retail concepts or a redevelopment plan. Prospective owner-users and investors can evaluate the building both as-is and as a redevelopment candidate, factoring in the corner frontage and the practical side-street loading access.
Key Highlights
- Almost 16,000 SF retail building on a major Monterey thoroughfare at Lighthouse Ave and Dickman Ave
- Busy corner location at the intersection of Lighthouse Ave and Dickman Ave
- Roll‑up loading door on the side street
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $345.6k | $21.60 |
| − Vacancy | −$14.5k | −$0.91 |
| EGI | $331.1k | $20.69 |
| − OpEx | −$99.3k | −$6.21 |
| NOI | $231.8k | $14.48 |