300 Van Buren Street, Monterey, CA 93940
Commercial property
Sold February 2024
Listing Agent: Shea Wigton (DRE #02113775) · Listing Office: Compass · Contact: 818-783-7721 · Bought with: Patrick Stafford · Baird Partnership, Inc. · MLS #23317497 · Source: CRMLS
About this commercial property
Unique Dual Property Investment and Redevelopment Opportunity - *Bundle Portfolio Sale with 296 Van Buren* 300 Van Buren Street Discover an extraordinary investment and redevelopment opportunity by considering the combined sale of 300 Van Buren Street along with its neighboring property at 296 Van Buren Street. These two properties, when acquired together, present a rare chance to diversify your investment portfolio and maximize potential in the heart of Old Town Monterey. 300 Van Buren is a duplex with 1,401 sqft living space residing on a massive 11,500 sqft lot. Currently both units are leased with below market rents. With the option to purchase both properties, you gain a strategic advantage, opening doors to a range of possibilities, including redevelopment, expansion, or enhanced income potential. These properties are ideally located, being under 1 mile from the pristine beach, making them highly attractive for beach enthusiasts and outdoor lovers. Moreover, they are conveniently positioned within walking distance of shopping, dining, and essential community services, ensuring a lifestyle of comfort and convenience. The income-generating potential of 300 Van Buren Street, featuring a well-maintained duplex with leased units and the opportunity for rent adjustments, provides immediate returns. Consider various redevelopment options to further maximize the potential of this unique opportunity that combines the charm of Old Town Monterey with substantial growth possibilities. Whether you're an experienced investor seeking diversification or an individual with a vision for redevelopment, this dual property offering is tailored to meet your goals. Don't miss the chance to secure your foothold in this historic and vibrant community. Contact us today for more details or to schedule a viewing of this outstanding investment and redevelopment opportunity.
Listing description from the February 2024 sale, as reported to CRMLS.
Sale history