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Property profile & analytics
OFF-MARKET
Mixed-use properties

193 St Monterey, CA 93940

0.4 ac lot Built 1956
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Year built 1956
Lot 0.4 ac (17,424 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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