595 Figueroa Street, Monterey, CA 93940

Property Description

Rare opportunity to own a versatile two-story commercial property in a prime Monterey location with exceptional investment and redevelopment potential. Offering approx. 3,456 sq. ft., the building features multiple offices, 4 bathrooms, 5 separate entrances, and two sets of stairs at opposite ends providing excellent flexibility for separate access to each level. Situated on a corner lot with parking for 8+ vehicles and peeks of the Monterey Bay. Just a short 7-minute walk to Del Monte Beach and conveniently located near Downtown Monterey, Lake El Estero, restaurants, banks, schools, and more. The property offers unique potential for multiple uses, including full residential conversion or a mixed-use configuration with retail downstairs and residential upstairs, subject to City approval and applicable regulations. Plans are currently being pursued with the City for 3 residential units2 upstairs and 1 downstairs. A unique Monterey property with location, flexibility, and exciting possibilities for its next owner.