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Multi-Unit Commercial Complex 2240-2252 N Fremont St 7,120 SF 100% Leased Retail Building Monterey, CA 93940 $2,683,757 CAD ($376.93 CAD/SF)
INVESTMENT HIGHLIGHTS
- Property falls within North Fremont Specific Plan
- Access to both N. Fremont St. as well as Bruce Ln
- Desirable frontage, with an estimated 25,000 ADT
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present to the market 2240-2252 N. Fremont St., in Monterey, CA. The property consists of three buildings totaling +/-7,120 SF with great visibility on a prominent thoroughfare in Monterey. Located along the North Fremont Corridor, the property provides a unique opportunity to acquire approximately 120 feet of frontage and conveniently located near Highway 1, Highway 68, and Highway 218 (Canyon Del Rey Blvd). The property is bordered by an alley to the rear of the building, offering additional flexibility. Additionally, this property is located within the North Fremont Specific Plan with long-term visions of mixed-use redevelopment. Three of the four units have long-standing leases, and the fourth provides a unique owner-occupied opportunity.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,120 SF
Building Class
C
Year Built
1956
Price
$2,683,757 CAD
Price Per SF
$376.93 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.47 AC
Zoning
PC-NF Mixed Use
Parking
24 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
277’ on N Fremont St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Asian Spa
- Services
-
99,999 SF
-
$9.99
- -
- Cowell & Smith
- Finance and Insurance
-
99,999 SF
-
$9.99
- -
- Sushi By The Bay
- Retailer
-
99,999 SF
-
$9.99
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Asian Spa | Services | 99,999 SF | $9.99 | - | ||
| Cowell & Smith | Finance and Insurance | 99,999 SF | $9.99 | - | ||
| Sushi By The Bay | Retailer | 99,999 SF | $9.99 | - |
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 013-171-016-000 | Improvements Assessment | $426,465 CAD |
| Land Assessment | $194,207 CAD | Total Assessment | $620,672 CAD |
PROPERTY TAXES
Parcel Number
013-171-016-000
Land Assessment
$194,207 CAD
Improvements Assessment
$426,465 CAD
Total Assessment
$620,672 CAD
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Multi-Unit Commercial Complex | 2240-2252 N Fremont St
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