Mahoney & Associates is pleased to present an opportunity to offer to the market a Historic Adobe in the heart of Monterey, California. With entrances on Calle Principal or from the gardens on the Pacific Street side, this building could be purchased as an owner-user or investment opportunity.
580 Calle Principal is leased as a commercial property at this time, but the City of Monterey Planning Department has confirmed that the second floor could immediately be used as a residence and the first floor could be also used for residential use with a Conditional Use Permit. There is currently one water meter servicing the property. There are two separate entrances, one for each floor, allowing for a multi-tenant configuration of the property.
• Property is in the heart of Monterey across from Colton Hall
• Could be used as commercial, residential or mixed-use
• New Roof
• Mills Act Designation allows for property tax savings
• Beautiful “law library” conference room
• Reception area