$1,425,875
$1,425,875
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5,185 SqFt
SOLD DATE : 04/05/2023
Key Details
Sold Price $1,425,875
Property Type Commercial
Sub Type Commercial Property
Listing Status Sold
Purchase Type For Sale
Square Footage 5,185 sqft
Price per Sqft $275
MLS Listing ID ML81906463
Sold Date 04/05/23
Year Built 1980
Lot Size 10,500 Sqft
Property Description
Called Woodbriar, this is an attractive 2 story building in the heart of Carmel Mid Valley across the street from a Safeway anchored center. Located between Carmel and Carmel Valley Village, the mid valley center is home to many businesses and offices serving Carmel Valley and the greater peninsula. It has a limited amount of office buildings, with historically strong rental demand in the area. Of the 6 tenants, all are on month to month tenancies allowing an owner user to occupy part or all of the building. Existing rents are deemed to be below market and leases are gross. Spaces are individually metered and tenants pay gas and electric. Property is well maintained and grounds are attractively landscaped. Office sizes range from 373+. One tenant, Carmel Valley Medical has been a tenant in the building since 2003 and occupies 1,429 s.f. on the ground floor. The building has common restrooms on both floors, and 13 parking spaces to the rear of the building in addition to street parking.
Location
State CA
County Monterey
Area Mid Valley
Building/Complex Name Woodbriar
Zoning LC-D-S-RAZ
Interior
Heating Other
Cooling None
Exterior
Garage Parking Area, Uncovered Parking
Utilities Available Public Utilities
Roof Type Composition
Present Use Office
Building
Story 2
Foundation Other
Sewer Septic Tank / Pump
Water Public
Level or Stories 2
Others
Restrictions None
Tax ID 169-235-021-000
Security Features None
Special Listing Condition Not Applicable
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Bought with Frank Saunders • Gabilan Properties