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Multi-Unit Commercial Complex 2240-2252 N Fremont St 7,120 SF Vacant Retail Building Monterey, CA 93940 $1,990,000 ($279.49/SF)
INVESTMENT HIGHLIGHTS
- Property falls within North Fremont Specific Plan
- Access to both N. Fremont St. as well as Bruce Ln
- Desirable frontage, with an estimated 25,000 ADT
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present to the market 2240-2252 N. Fremont St., in Monterey, CA. The property consists of three buildings totaling +/-7,120 SF with great visibility on a prominent thoroughfare in Monterey. Located along the North Fremont Corridor, the property provides a unique opportunity to acquire approximately 120 feet of frontage and conveniently located near Highway 1, Highway 68, and Highway 218 (Canyon Del Rey Blvd). The property is bordered by an alley to the rear of the building, offering additional flexibility. Additionally, this property is located within the North Fremont Specific Plan with long-term visions of mixed-use redevelopment. Three of the four units have long-standing leases, and the fourth provides a unique owner-occupied opportunity.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,120 SF
Building Class
C
Year Built
1956
Price
$1,990,000
Price Per SF
$279.49
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.47 AC
Zoning
PC-NF Mixed Use
Parking
24 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
277’ on N Fremont St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 013-171-016-000 | Improvements Assessment | $307,739 |
| Land Assessment | $140,141 | Total Assessment | $447,880 |
PROPERTY TAXES
Parcel Number
013-171-016-000
Land Assessment
$140,141
Improvements Assessment
$307,739
Total Assessment
$447,880
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Multi-Unit Commercial Complex | 2240-2252 N Fremont St
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