193 St Monterey, CA 93940
This exceptional mixed-use property presents a rare investment opportunity in the desirable Monterey, CA market. Situated on a sizable 0.4-acre lot at 193 Street, this property offers significant potential for a variety of uses, given its flexible zoning and prime location. The building's square footage is currently undetermined, allowing for extensive customization and development to suit the buyer's specific needs and vision. The asking price of $1,975,000 reflects the property's significant upside potential in a thriving California coastal community. Its strategic location provides easy access to local amenities, transportation routes, and the vibrant Monterey atmosphere. This is an excellent chance to acquire a substantial property in a highly sought-after area, perfect for both seasoned investors and those seeking a unique development project. The property's size and versatility make it suitable for a range of commercial ventures, from retail spaces and offices to hospitality or residential conversions, subject to necessary permits and approvals. Further due diligence is encouraged to fully explore the development possibilities and unlock the full potential of this remarkable Monterey asset. Don't miss this chance to secure a piece of Monterey's thriving real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.