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High-Exposure Monterey Asset 527 Ramona Ave 16,917 SF 2% Leased Retail Building Monterey, CA 93940 $3,700,000 ($218.71/SF)
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present 527-539 Ramona Avenue for sale. This property presents a rare opportunity for both investors and/or owner-users in the heart of Monterey’s commercial corridor. The property is partially occupied, offering immediate income with the flexibility to occupy or lease the remaining space. Located within the North Fremont Specific Plan area, the zoning allows for a wide range of commercial uses including retail, office, and service-oriented businesses. The site benefits from excellent exposure just off North Fremont Street, which sees an average daily traffic flow of over 28,000 vehicles driving consistent visibility and customer access. With close proximity to Highway 1, national retailers, and ample on-site parking, this property is well positioned for long-term value and strategic growth.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,917 SF
Building Class
C
Year Built
1969
Price
$3,700,000
Price Per SF
$218.71
Percent Leased
2%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.57
Lot Size
0.68 AC
Zoning
C-2 - C-2 Community Commercial District
Parking
25 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 013-134-045-000 | Improvements Assessment | $1,393,917 |
| Land Assessment | $975,744 | Total Assessment | $2,369,661 |
PROPERTY TAXES
Parcel Number
013-134-045-000
Land Assessment
$975,744
Improvements Assessment
$1,393,917
Total Assessment
$2,369,661
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High-Exposure Monterey Asset | 527 Ramona Ave
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