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- LoopNet Team
500 Del Monte Ave
Monterey, CA 93940
Property For Lease
PROPERTY FACTS
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Freestanding | Parking Ratio | 3.06/1,000 SF |
| Gross Leasable Area | 3,600 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 3,600 SF |
| Year Built | 1920 |
| Parking Ratio | 3.06/1,000 SF |
ABOUT THE PROPERTY
• Prominent and signalized hard corner location at the gateway of downtown Monterey and across the street from the Monterey Wharf #2 and Del Monte Beach, offering views of the Monterey Bay. • Located on the High Traffic arterial of Del Monte Avenue (34,000 vehicles per day), the primary thoroughfare from Highway 1 accessing downtown Monterey, Cannery Row and the Monterey Bay Aquarium, and proximate the City of Monterey Sports Complex. • Exceptional demographics with an average household income of over $105,000 and 102,000 residents within 5-miles. • The Monterey Peninsula is one of the premier tourist destinations in the United States, attracting an estimated four million visitors to the area, including Carmel, Pebble Beach, Big Sur, Pacific Grove and Monterey. Property is located less than two miles from the Monterey Regional Airport which serves over 400,000 passengers per year. • 4,100 sf building (inclusive of +/-500 sf of mezzanine space) with ample Group II water. Current use is a restaurant, with hood, coupled with a liquor store. Twelve (12) parking spaces, with ample City owned parking lots including at Wharf #2 across the street. • Broker Friendly. Creative deal making for the right tenant/concept. Same ownership as adjacent buildings at 508 Del Monte Avenue for expansion opportunities, etc.
