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For Sale | Highly Visible Mixed-Use Property with Ocean View

Mahoney & Associates is pleased to present 761-767 Lighthouse Ave, Monterey, CA—a prime owner/user or investment opportunity 2 blocks from the Monterey Bay Aquarium. This offering includes an ±5,550 SF two-story retail/office building and a ±1,600 SF two-story duplex (each unit 1br/1ba), on a ± 9,720 SF lot with two APNs. The 2nd floor of the front building has 2,700 SF of vacant office space, ready for immediate occupancy by an owner-user. The Seller has secured Planning and Building Dept. approval to convert the vacant second floor of the front building into three residential units (two 2br/1ba and one 1br/1ba). While the building plans are complete with City approvals, the permit has not yet been pulled.

Located in the Lighthouse Area Specific Plan, this property benefits from zoning aimed at creating a livable, mixed-use community and revitalizing Lighthouse Avenue as a destination for residents and visitors. Both commercial tenants have long-term leases, ensuring stable income. The ground floor of the duplex serves as storage for one of the commercial tenants, while the upstairs unit is rented at $1,750 on a month-to-month basis. This versatile property offers significant potential for both immediate income and future development, with ample space for an owner-user to move in right away.

Details

Price : $0.00
Address : 761-767 Lighthouse Ave
City : Monterey
State : CA
Zip Code : 93940
APN : 001-073-003, 001-073-002
Latitude : 36.61530800000001
Longitude : -121.9035071
Property Type : Office
Secondary Type : Retail
Purpose : Sell
Building Size : ± 7,150 SF
Lot Size : ± 9,720 SF
Zoning : Commercial/Mixed-use - Lighthouse Specific Plan
Property ID : 6831

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James Kendall
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