449 Alvarado St Monterey, CA 93940
- Banks
- 19,558 SF
- 0.30 lot acres
Current Use by Public Records
- The Coin & Treasure Shoppe / Gold Dealer / Coin Dealer
- Monterey Antique & Gift Center / Jeweler
Property Details for 449 Alvarado St
- Year built
- 1963
- Lot size
- 0.30 lot acres
- Property size
- 19,558 SF
- Property type
- Banks
- APN
- 001-574-028-000
- APU
- 1574028000
Description
This exceptional commercial property located at 449 Alvarado Street in the heart of downtown Monterey, California, presents a unique investment opportunity. Spanning 19,558 square feet on a 0.3-acre lot, this landmark building boasts a rich history as the former Monterey Savings and Loan. Its prominent location offers unparalleled visibility and accessibility within the vibrant Monterey business district. The building's impressive features include soaring ceilings, creating an expansive and airy atmosphere, perfect for a variety of commercial uses. A significant asset is the substantial basement area, which includes three secure vaults, offering ample storage or specialized space. An internal elevator ensures convenient access to all levels, including a mezzanine, adding to the building's functionality and appeal. The property's substantial size and unique historical character make it an ideal candidate for adaptive reuse, catering to a diverse range of businesses seeking a prestigious and well-equipped space in a prime Monterey location. The asking price is $3,900,000. This is a rare opportunity to acquire a piece of Monterey's history and establish a thriving business in a highly desirable location. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monterey
- County
- Monterey
- State
- California
- Longitude
- -121.894
- Latitude
- 36.5987
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
