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Grocery-Anchored Shopping Center
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520 Munras Ave, Monterey, CA 93940

Flexible suites support retail, food service, and service-oriented uses.

Space Size2,205 SF
Days on Market173

Property Features for 520 Munras Ave

General Information

Standard status Active
Size 2,205 SF
Net Rentable 590 SF
Property subtype Retail

Space & Availability

Available Space 590-2,205 SF
Contiguous Space 2,205 SF

Site & Location

Anchor Co-Tenants Trader Joe's, Peet's Coffee & Tea, Panda Express, Ike's Love & Sandwiches, Out of the Barrel Taproom
Traffic Count 16,000 vehicles/day
Road Access Yes

Amenities

dedicated surface parking

Building Details

Building Size 2,205 SF
Tenancy Single
Parking Ratio 5.5 per 1,000 SF

Spaces For Lease

at 520 Munras Ave Contact us

Available Space

Size
2,205 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Alpha Real Estate Advisors
Listed By: Sam Tallman · License #01935917
Source: Crexi
Added: Mar 11 Changed: Aug 29 Last Checked: Aug 29 at 10:30PM

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 Alpha Real Estate Advisors

Investment Insights

Based on property information with market context.

Monterey Center is a grocery-anchored shopping center at 520–560 Munras Ave in Downtown Monterey, California. Trader Joe’s anchors the property alongside Peet’s Coffee & Tea, Panda Express, Ike’s Love & Sandwiches, and Out of the Barrel Taproom. Available suites range from approximately 590 SF to 1,615 SF, with combinations reaching approximately 2,205 SF. The configuration accommodates retail, food service, and service-oriented tenants.

The center fronts Munras Avenue, a primary commercial corridor leading into downtown, with approximately 16,000 ADT. Access is available from both Munras Avenue and Hartnell Street. The property has a 90+ Walk Score and sits within walking distance of hotels, restaurants, the Monterey Conference Center, and Alvarado Street’s retail corridor. Dedicated surface parking is provided at approximately 5.5 spaces per 1,000 SF.

Key Highlights

  • Trader Joe’s serves as the center’s grocery anchor
  • Available suites from approximately 590 SF to 1,615 SF
  • Combined suites can provide approximately 2,205 SF

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service Barber Shop (Bike/Boat/Book/etc) Store Storage Facility Home Appliance Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16,000 VPD
Traffic count
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,935
Businesses Nearby
203k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 48% Shops & Services 27% Groceries 15% Hotels & Casinos 9%
McDonald's Dining
38,445 visits/mo 0.4 miles
Trader Joe's Groceries
29,588 visits/mo 0.1 miles
Peet's Coffee & Tea Dining
15,333 visits/mo 0.1 miles
Monterey Marriott Hotels & Casinos
15,072 visits/mo 0.2 miles
Jack in the Box Dining
12,044 visits/mo 0.4 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

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Similar Off Market Nearby

  • SHOPPING CENTER 560 Munras Ave, Monterey, CA 93940

Frequently Asked Questions

What type of property is this?
Shopping center - Flexible suites support retail, food service, and service-oriented uses.
Where is this shopping center located?
The property is located at 520 Munras Ave Monterey, CA.
What are key features of this property?
This property features: Trader Joe’s serves as the center’s grocery anchor; Available suites from approximately 590 SF to 1,615 SF; Combined suites can provide approximately 2,205 SF
(925) 984-9704 Call to check price and availability
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