$1,060,000
$1,113,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
10,497 Sqft Lot
SOLD DATE : 07/10/2023
Key Details
Sold Price $1,060,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81906476
Sold Date 07/10/23
HOA Y/N No
Year Built 1973
Annual Tax Amount $15,980
Lot Size 10,497 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 699 - Not Defined
Zoning HC-D-S-RAZ
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 13
Building
Story 2
Others
Tax ID 169231002000
Financing Seller Financing
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Bought with RECIP
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