Corner Lot Medical Office
For Sale
$999,000
Pending
590 Del Monte Avenue, Monterey, CA 93940
Renovated dental office on a corner lot near major Monterey destinations, with a current in-place lease.
Property Size1,090 SF
Days on Market360
Property Features for 590 Del Monte Avenue
General Information
Standard status
Pending
Size
1,090 SF
Property subtype
Lots/Land
Additional Details
Office Units
1
Building Details
Tenancy
Single
Listing Agency:
KW Coastal Estates
(831) 622-6200
Listed By:
The Ruiz Group · License #70010112
Source:
Exitrealty
Added: Aug 30, 2025
Changed: Aug 23
Last Checked: Aug 24 at 3:30AM
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 KW Coastal Estates
Investment Insights
Based on property information with market context.
This property includes a newly renovated 1,090 SF building designed to support medical office use, and a flat, 8,400 SF lot configured for day-to-day operations. The current space is occupied by a dental office. The tenant has a three-year lease with an option for five additional years at market rate. The remarks also indicate a significant $300,000 remodel completed by the current tenant, including improvements such as new sewer lateral, plumbing, electrical, and roof.
The site is located on a corner lot and is described as being close to Downtown Monterey, Fisherman's Wharf, and Del Monte Beach, along with other nearby amenities. Access and visibility are supported by the corner-lot positioning. The property is shown by appointment only, and the business is not for sale; the tenant has expressed a desire to remain.
For buyers evaluating an owner-occupied or income-focused strategy, the asset offers a turn-key medical office setting with ongoing occupancy under the existing lease. The property is also stated to be zoned for high-density multi-family, providing additional planning flexibility for a future development direction while keeping the tenant in place. Tenants may be willing to renegotiate lease terms, subject to agreement. Please do not disturb the tenant; viewings are appointment-only.
The site is located on a corner lot and is described as being close to Downtown Monterey, Fisherman's Wharf, and Del Monte Beach, along with other nearby amenities. Access and visibility are supported by the corner-lot positioning. The property is shown by appointment only, and the business is not for sale; the tenant has expressed a desire to remain.
For buyers evaluating an owner-occupied or income-focused strategy, the asset offers a turn-key medical office setting with ongoing occupancy under the existing lease. The property is also stated to be zoned for high-density multi-family, providing additional planning flexibility for a future development direction while keeping the tenant in place. Tenants may be willing to renegotiate lease terms, subject to agreement. Please do not disturb the tenant; viewings are appointment-only.
Key Highlights
- Corner lot near Downtown Monterey, Fisherman's Wharf, and Del Monte Beach
- 8,400 SF flat usable site with a 1,090 SF newly renovated building currently leased to a dental office
- Tenant has a three‑year lease with an option for five more years at market rate
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,757
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated dental office on a corner lot near major Monterey destinations, with a current in-place lease.
Where is this medical office space located?
The property is located at 590 Del Monte Avenue Monterey, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Corner lot near Downtown Monterey, Fisherman's Wharf, and Del Monte Beach; 8,400 SF flat usable site with a 1,090 SF newly renovated building currently leased to a dental office; Tenant has a three‑year lease with an option for five more years at market rate
