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Monterey Commercial Corridor Opportunity

539 Ramona Ave, Monterey, CA

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For Sale

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Partially occupied commercial property in Monterey's commercial corridor.

Type:FLEX_R_AND_D

Property size:

16,563 SF

Lot size:

0.68 Acres

Price / SF:

$223/SF

HighLights

Rare opportunity for investors and/or owner‑users in the heart of Monterey’s commercial corridor.
Partially occupied, offering immediate income with flexibility to occupy or lease remaining space.
Located within the North Fremont Specific Plan area, allowing for a wide range of commercial uses.
Excellent exposure just off North Fremont Street with high daily traffic flow (over 28,000 vehicles).
Ample on‑site parking.
Close proximity to Highway 1 and national retailers.

We can help!

Listing Contact

David Baird

For Sale

Contact for pricing

Partially occupied commercial property in Monterey's commercial corridor.

Type:FLEX_R_AND_D

Property size:

16,563 SF

Lot size:

0.68 Acres

Price / SF:

$223/SF

Added:: Sep 23, 2025
Days on Market:: 265
Last Refresh:: May 19 at 8:41 pm

Property Features for 539 Ramona Ave

General Information

Standard status: Active
Size: 16,563 SF
Lot size: 0.68 Acres
Property subtype: FLEX_R_AND_D

We can help!

Listing Contact

David Baird

Listing agent David Baird License #00533485

Listing office Mahoney & Associates Commercial Real Estate

Listing date Sep 23, 2025

Source Moodyscre

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 Mahoney & Associates Commercial Real Estate

HighLights

Rare opportunity for investors and/or owner‑users in the heart of Monterey’s commercial corridor.
Partially occupied, offering immediate income with flexibility to occupy or lease remaining space.
Located within the North Fremont Specific Plan area, allowing for a wide range of commercial uses.
Excellent exposure just off North Fremont Street with high daily traffic flow (over 28,000 vehicles).
Ample on‑site parking.
Close proximity to Highway 1 and national retailers.

Overview

Located in the heart of Monterey’s commercial corridor, 527-539 Ramona Avenue presents an opportunity for investors and owner-users. The property is partially occupied, providing immediate income with the flexibility to occupy or lease the remaining space. Situated within the North Fremont Specific Plan area, the zoning accommodates a range of commercial uses, including retail, office, and service-oriented businesses. The site benefits from exposure off North Fremont Street, which experiences an average daily traffic flow of over 28,000 vehicles. The property is positioned for long-term value and strategic growth due to its proximity to Highway 1, national retailers, and ample on-site parking. The property size is 16563 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$357.8k	$21.60
− Vacancy	−$15.0k	−$0.91
EGI	$342.7k	$20.69
− OpEx	−$102.8k	−$6.21
NOI	$239.9k	$14.48

16,563 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$3.43M

$3.00M – $4.00M (±1% cap)

NOI $239,914 @ 7.0% cap · market cap 6.48%

Second Best

Office B

$3.32M

$2.91M – $3.88M (±1% cap)

NOI $232,545 @ 7.0% cap · market cap 6.29%

Theoretical Best

Specialty Retail

$6.32M

$5.53M – $7.38M (±1% cap)

NOI $442,699 @ 7.0% cap · market cap 11.96%

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

Property Profile Location Intelligence

Current Use by Public Records

Dawg Gone It Kennel & Boarding Facility

Suggested Use

Location Insight

Map
Local Demand

City: Monterey
County: Monterey
State: California
Longitude: -121.857
Latitude: 36.5979

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For sale
Flex space
CA
Monterey
527-539 Ramona Ave

What type of property is this?

Flex space - Partially occupied commercial property in Monterey's commercial corridor.

Where is this flex space located?

The property is located at 539 Ramona Ave Monterey, CA.

What is the asking price?

The asking price for this property is $3,700,000.

What are key features of this property?

This property features: Rare opportunity for investors and/or owner‑users in the heart of Monterey’s commercial corridor.; Partially occupied, offering immediate income with flexibility to occupy or lease remaining space.; Located within the North Fremont Specific Plan area, allowing for a wide range of commercial uses.

539 Ramona Ave, Monterey, CA

Partially occupied commercial property in Monterey's commercial corridor.

Property Features for 539 Ramona Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Retail and Apartments

4-Unit Mixed-Use Property

Lighthouse Avenue Retail Opportunity

Monterey Medical Office Building

Monterey Retail Property For Sale

Flex Warehouse Space

Monterey Automotive Repair Building For Lease

Monterey Mixed-Use Income Property

Monterey Triplex in Prime Location

Professional Office Space Available

New Monterey Fourplex Investment Opportunity

Retail Property in Monterey, CA

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