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

Mahoney & Associates is pleased to present 761-767 Lighthouse Ave. Monterey, CA an approximately 5,550 SF two-story retail/office building and an approximately 1,600 SF two-story duplex (1br/1ba each) situated on +/- 9,720 SF of land with two APNs. The Seller has worked with the City of Monterey and the Monterey Peninsula Water Management District and received Planning and Building Dept. approval to convert the(currently vacant) 2nd floor of the front building into three residential units (two 2br/1ba, one 1br/1ba). The building plans are finished, but the permit has not yet been pulled. The zoning of the Lighthouse Area Specific Plan aims to create a livable community (comprised of mixed-use properties) and a revitalized destination point on Lighthouse Avenue for residents and visitors. Both commercial tenants have occupied the property for many years and have multiple years left on their leases. The ground floor of the duplex is used as storage by one of the commercial tenants and the upstairs unit of the duplex is rented at $1750 M-M.


Price : $2,250,000.00
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


Find on Map

James Kendall
I consent to have this site collect my Name, Email, and Phone.


Phone: (831) 646-1919
Fax: (831) 646-1115
Email Us: [email protected]


Get the latest news on current and featured Listings