High-Exposure Monterey Asset 527 Ramona Ave 16,917 SF Retail Building Monterey, CA 93940 $5,034,046 CAD ($297.57 CAD/SF) 7.40% Cap Rate

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.
At a 7.4% CAP rate, this is a compelling return that's increasingly hard to find on the peninsula. Two front-building tenants have expressed interest in longer-term leases; however, the owner has maintained shorter lease terms to preserve flexibility for a new buyer. Owner is willing to guarantee rent on their occupied space for one year at market rate — details available upon request.