482 Alvarado St

The subject property located in heart of Monterey Downtown and contains retail and executive offices.
This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms.
Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, 95% are occupied.
Potential for a apartment or condo development opportunity on Calle Principal Street side may request more detail through City of Monterey, and water management.