Home | Monterey County | Monterey | 93940 | 499 Alvarado St

499 Alvarado St, Monterey, CA 93940

MLS: ML81953114 | Status: Sold | Price: $2,686,250
Beds/Baths: – / –
Property Type: Commercial Sale

Quick Facts

Beds	Baths	Sq Ft	Sq Ft Lot	Yr Built
–	–	7,873	10,237	1951

Remarks

Rare Landmark freestanding building in the heart of downtown Monterey with pull up parking which is very rare in Downtown Monterey. 7873 SF of Retail and office. Seller will consider financing with 20% down and approved financials. Steps to Trader Joes and Fisherman's Wharf, surrounded by 1500 Hotel Rooms and across the street from the Monterey Public Transport hub making it easily accessible by visitors and public transportation. Boasting a walk score of 90 and bike score of 80. After 40 years as the local pharmacy destination the building is vacant - perfect for a single tenant or split the ground floor for 2 retail users and use the existing water credits for apartment on the second floor. Proforma rents as a single tenant result in a 5% Cap

MLS Listing Information

Field	Value
MLS #	ML81953114
MLS Source	MLSListings, Inc.

Features

Interior Features

Feature	Details
Flooring	Carpet
Cooling	Central Forced Air - Gas
Heating	Central Forced Air

Exterior Features

Feature	Details
Roof	Composition
Foundation	Slab

Parking, School, and Other Information

Feature	Details
Sewer	Public Sewer
Zoning	C1

Commercial Information

Feature	Details
Parking Spaces	10
Present Use	Business/Professional, Medical/Dental, Retail
Utilities	Public Utilities

Contact Information

Monterey Peninsula Home Team
KW Coastal Estates
License #: 01036716
Phone: (831) 601-3284

School Ratings

School data provided by GreatSchools.org

Nearby Schools

School	Type	Grades	Distance	Rating
Monterey High School	public	9-12	0.41 mi	8
Monte Vista	public	K-8	0.90 mi	6
La Mesa Elementary School	public	K-8	1.55 mi	7
Pacific Grove Middle School	public	6-8	1.80 mi	9
Robert Down Elementary School	public	K-5	1.84 mi	8
Pacific Grove High School	public	9-12	1.84 mi	10
Forest Grove Elementary School	public	K-5	2.05 mi	6
Community High (Continuation) School	public	9-12	2.12 mi	N/A
Pacific Grove Adult	public	UG	2.74 mi	N/A
Del Rey Woods Elementary School	public	K-6	3.02 mi	7
Carmel High School	public	9-12	3.05 mi	10
Monterey Adult/Rop	public	UG	3.41 mi	N/A
Seaside Children's Center	public	UG	3.42 mi	N/A
Seaside High School	public	9-12	3.65 mi	6
Martin Luther King School	public	K-6	3.83 mi	5
Carmel Middle School	public	6-8	3.85 mi	7
Monterey Peninsula Unified School District Community Day	public	9-12	3.91 mi	N/A
Monterey Peninsula Unified School District Community Day Middle	public	6-8	3.91 mi	N/A
Central Coast High School	public	9-12	3.91 mi	1
Ord Terrace Elementary School	public	K-6	4.04 mi	3

Disclosures

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This listing information is up-to-date as of January 29, 2026. For the most current information, please contact Monterey Peninsula Home Team, (831) 601-3284.