Current Use by Public Records
- Land
Property Details for 100 Monterey Rd
- Property type
- Land
Description
This exceptional 5.2-acre development site in Seaside, California (100 Monterey Rd, 93955) presents a unique investment opportunity. Approved plans are in place for a 131-unit senior care facility, comprising 88 units of studio, one-bedroom, and two-bedroom assisted living apartments, and a 43-room memory care unit. The project benefits from a secured Conditional Use Permit (CUP) and is ready for building permits, streamlining the development process. Located in a high-demand area with limited supply, this property enjoys excellent freeway visibility and access, serving the affluent communities of Monterey and Carmel. Coastal views enhance the desirability of this location. The property also includes a secured water allocation. All information is believed to be accurate, but potential buyers are urged to conduct their own due diligence to verify details. This is a prime opportunity to capitalize on the growing need for senior care facilities in a thriving coastal market. The property's strategic location, combined with the approved plans and building permit readiness, minimizes development risk and maximizes return potential. This is a rare chance to acquire a turnkey project in a highly sought-after area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seaside
- County
- Monterey
- State
- California
- Longitude
- -121.835
- Latitude
- 36.6296
