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201 Hoffman Ave
Monterey, CA 93940
Office Property For Sale


Investment Highlights
- Located two blocks from Cannery Row and nearby Monterey Bay attractions.
- Features a central atrium garden with skylights and natural light.
- Zoned C-2 Community Commercial in an established mixed-use district.
- Configured as a multi-tenant office building with flexible occupancy options.
- Includes conference, reception, lobby, break room, and common office areas.
- Public parking garage with 1,003 spaces is located nearby.
Executive Summary
201 Hoffman Avenue presents an opportunity to acquire a two-story multi-tenant office building in Monterey's Cannery Row district. The property consists of approximately 6,889 square feet on a 5,000-square-foot parcel and is positioned just two blocks from Cannery Row, one of the Monterey Peninsula's most recognizable tourism and commercial destinations. Its location places it within walking distance of restaurants, retail services, visitor attractions, and coastal amenities that contribute to sustained pedestrian activity throughout the area.
The building is configured with multiple office suites across two levels, creating flexibility for an owner-user seeking occupancy while maintaining income from additional tenants, or for an investor pursuing lease-up and operational improvements. Interior features include a reception area, conference room, lobby, copy room, break rooms, exercise area, multiple restrooms, and a central atrium garden with skylights that provide natural light throughout the building. The property's design and suite configuration support a range of professional office users.
Accessibility is enhanced by frontage along Hoffman Avenue and proximity to Lighthouse Avenue and Foam Street. In addition to three on-site parking spaces, the property benefits from access to a nearby public parking structure with more than 1,000 spaces. Zoned C-2 Community Commercial, the asset is situated within an established mixed-use coastal district that combines tourism, retail, hospitality, and professional service uses.
The combination of an infill Monterey location, existing tenancy, flexible office layout, and proximity to major area attractions positions the property as a potential owner-user acquisition or value-add investment opportunity.
The building is configured with multiple office suites across two levels, creating flexibility for an owner-user seeking occupancy while maintaining income from additional tenants, or for an investor pursuing lease-up and operational improvements. Interior features include a reception area, conference room, lobby, copy room, break rooms, exercise area, multiple restrooms, and a central atrium garden with skylights that provide natural light throughout the building. The property's design and suite configuration support a range of professional office users.
Accessibility is enhanced by frontage along Hoffman Avenue and proximity to Lighthouse Avenue and Foam Street. In addition to three on-site parking spaces, the property benefits from access to a nearby public parking structure with more than 1,000 spaces. Zoned C-2 Community Commercial, the asset is situated within an established mixed-use coastal district that combines tourism, retail, hospitality, and professional service uses.
The combination of an infill Monterey location, existing tenancy, flexible office layout, and proximity to major area attractions positions the property as a potential owner-user acquisition or value-add investment opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,361 SF
Building Class
C
Year Built
1970
Price
$1,395,000
Price Per SF
$219.31
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,180 SF
Building FAR
1.27
Lot Size
0.11 AC
Property Taxes
| Parcel Number | 001-062-001-000 | Improvements Assessment | $942,036 |
| Land Assessment | $219,802 | Total Assessment | $1,161,838 |
Property Taxes
Parcel Number
001-062-001-000
Land Assessment
$219,802
Improvements Assessment
$942,036
Total Assessment
$1,161,838
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