$895,000

554 Lighthouse Avenue

Monterey CA, 93940

Description

Rarely Available Cannery Row Mixed-Use Property ready for updating! Commercial space and three residential units make this a great opportunity to increase cash flow and add value to property. Comes complete with plans for renovation project and may be purchased with adjacent Luxury Condo Project property located at 551 Foam Street. Currently, the commercial unit and two of the three residential units are rented on a month-to-month basis at below market rates.

Details

MLS#ML81781665
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1920
Days On Site153

Features

SQ Feet1,482
Building(s)1

Market Activity 93940

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Area Information
StateCA
CountyMonterey
CityMonterey
Zip Code93940
Area699 - Not Defined
Listing VS Median (in 93940)
Price:
$895,000
low | high
Med:
$749,500
66.256983240223% of Average
SqFt:
1,482
low | high
Med:
563
100% of Average
$ / SqFt:
$604
low | high
Med:
$333
94.878063314711% of Average
On Site:
153
low | high
Med:
79.500000
100% of Average
Listing Updated: December 14, 2020 2:38:20 AM PST
Dean Hoffman LogoMLS Number: ML81781665
Listing Provided By:
Dean Hoffman  of  Academy Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.