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1240 Munras Ave
Monterey, CA 93940
Fisherman's Cove Inn · Hospitality Property For Sale
·
20 Rooms
Investment Highlights
- Positioned within the Monterey/Salinas submarket, a well-established hospitality corridor.
- Surrounded by retail, dining, and entertainment venues in a strong tourist market.
Property Facts
| Property Type | Hospitality | No. Rooms | 20 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1970/2024 |
| Lot Size | 0.47 AC | Parking Ratio | 4.56/1,000 SF |
| Building Size | 7,452 SF | Corridor | Exterior |
| Zoning | Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 7,452 SF |
| No. Rooms | 20 |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2024 |
| Parking Ratio | 4.56/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial |
Amenities
- Wheelchair Accessible
- Public Access Wifi
- Smoke-Free
- Smoke Detector
About 1240 MUNRAS AVE , MONTEREY, CA 93940
The property at 1240 Munras Ave is a hospitality asset located in Monterey County on a 0.47-acre lot. It has a total building size of approximately 7,452 square feet and is designated for motel use. The site is within the Monterey/Salinas submarket and is accessible to Highway 1. Monterey Regional Airport is approximately 4.1 miles away. The surrounding area includes retail and hospitality establishments, as well as major tourist attractions.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $145.00 | - |
| Guest Room | 18 | $126.00 | - |
Property Taxes
| Parcel Number | 001-661-041-000 | Improvements Assessment | $1,706,396 |
| Land Assessment | $1,201,846 | Total Assessment | $2,908,242 |
Property Taxes
Parcel Number
001-661-041-000
Land Assessment
$1,201,846
Improvements Assessment
$1,706,396
Total Assessment
$2,908,242
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