2100 Del Monte AveMonterey, CA 93940

Property Details for 2100 Del Monte Ave

Year built

2013

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

1,596 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

013-022-024-000

APU

13022024000

Description

This exceptional 2,994 square foot automotive repair facility is ideally situated at 2100 Del Monte Ave in Monterey, CA 93940, on a 13,603 square foot lot. Built in 1960 and renovated in 2012, the property boasts a spacious layout with five roll-up doors providing high visibility on a major thoroughfare between Monterey and Seaside. The building features two above-ground lifts (available for purchase), compressed air hookups in each bay, radiant floor heating, and a newer asphalt parking surface with 12 off-street spaces. Two bays have existing 9,000 and 12,000 lb. capacity lifts. The property includes a 374 sq ft office, an ADA-compliant restroom, and a staff restroom. The building has a mix of older and newer sections, with the older section featuring four skylights and two 10'x10' service bays, while the newer section contains three 10'x10' bays, an air compressor, and tool storage. Zoned C3 (General Commercial), the property is suitable for various uses including retail sales, vehicle sales/services/rentals, auto washing, service stations, and vehicle storage. A 2021 Phase I environmental survey recommends no further action. Its location near Highway 1 on/off ramps provides excellent accessibility and high visibility. The property's power supply is 120 amps/240 volts. The APN is 013-022-024. This is a turnkey opportunity for an automotive business seeking a well-maintained and strategically located facility.

• CAP approach

  CAP return

  Valuation

  6%

  $702,568

  6.5%

  $648,524

  7%

  $602,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,121,754

  Geo Method

  $1,121,754

• Alternative Use

  Use

  Valuation

  Residential

  $547,054

  Hospitality

  $501,099

  Educational

  $416,908

  Medical

  $431,246

  Retail

  $648,524

Location Insight

City

Monterey

County

Monterey

State

California

Latitude

36.6019

Longitude

-121.866

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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