650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST
650 E Franklin ST

650 E Franklin ST

Owner Financing available for Commercial Listing or High Density Multi-Family in Monterey. Located close to Downtown Monterey, Fishermans Wharf, and many more desirable amenities, this site offers almost 1/3 acre of flat usable space with a 1,132sf building, currently occupied by a garden center. Tenant is month to month, but willing to stay. Rents are below market. 3.7% Cap Rate at current rents. Upside opportunity for investor or developer. Prime Monterey location. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. Terms 30% down, 4% interest only, amortized over 25 years due in 20. Please do not disturb tenants. Business is not for sale. Tenants wish to remain. Shown by appointment only.

Features & Amenities

Exterior

Garage Space 0
Water Source Public
Utilities Public Utilities
ROOF Composition
Parking Other
Heat Type Forced Air
Air Conditioning None
Sewer Sewer - Public
Substructure Concrete Slab
Security Features Security Fence

Area & Lot

Status Sold
LOT SIZE 0.328 Acres
MLS ID ML81867673
Type COMMERCIAL
Year Built 1943
View Description Public Utilities

Financial

SALES PRICE $1,200,000
Zoning PC-planned community

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