$1,060,000
$1,113,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
4,048 SqFt
SOLD DATE : 07/10/2023
Key Details
Sold Price $1,060,000
Property Type Commercial
Sub Type Commercial Property
Listing Status Sold
Purchase Type For Sale
Square Footage 4,048 sqft
Price per Sqft $261
MLS Listing ID ML81906476
Sold Date 07/10/23
Year Built 1973
Lot Size 10,500 Sqft
Property Description
Called Briarwood, this is an attractive 2 story building built in 1973 is located 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. The building has historically been divided into smaller spaces, ranging from 114 to 608 square feet. Of the 13 suites, all except 6 spaces are on month to month tenancies, with the balance expiring in 2023, allowing an owner user to occupy part or all of the building. Existing rents are deemed to be below market, and leases are gross. Since there is a scarcity of small office product in mid valley the spaces tend to rent quickly. 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
Zoning HC-D-S-RAZ
Interior
Heating Electric
Cooling None
Exterior
Garage Parking Area
Utilities Available Master Meter
Roof Type Composition
Present Use Office
Building
Story 2
Foundation Other
Sewer Septic Tank / Pump
Water Storage Tank
Level or Stories 2
Others
Restrictions None
Tax ID 169-231-002-000
Security Features None
Special Listing Condition Not Applicable
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Bought with RECIP • Out of Area Office