Contacts

James Kendall

Mahoney & Associates

Property Details

Property Type Office
Property Size 7,150 SF
Lot Size 9,720 SF
Additional Rent Contact for pricing
Parking Spaces Avail. 9
Parking Ratio 1.26 / 1,000 SF
Year Built 1970
Year Renovated 1990
Date Updated Sep 3, 2024
Visibility/Traffic Count (VPD) 19,221

Mahoney & Associates is pleased to present 761-767 Lighthouse Ave, Monterey, CA—a prime owner/user or investment opportunity 2 blocks from the Monterey Bay Aquarium. This offering includes an ±5,550 SF two-story retail/office building and a ±1,600 SF two-story duplex (each unit 1br/1ba), on a ± 9,720 SF lot with two APNs. The 2nd floor of the front building has 2,700 SF of vacant office space, ready for immediate occupancy by an owner-user. The Seller has secured Planning and Building Dept. approval to convert the vacant second floor of the front building into three residential units (two 2br/1ba and one 1br/1ba). While the building plans are complete with City approvals, the permit has not yet been pulled.

Located in the Lighthouse Area Specific Plan, this property benefits from zoning aimed at creating a livable, mixed-use community and revitalizing Lighthouse Avenue as a destination for residents and visitors. Both commercial tenants have long-term leases, ensuring stable income. The ground floor of the duplex serves as storage for one of the commercial tenants, while the upstairs unit is rented at $1,750 on a month-to-month basis. This versatile property offers significant potential for both immediate income and future development, with ample space for an owner-user to move in right away.

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Getting around

98/100
Walk Score ®
34/100
Transit Score ®
68/100
Bike Score ®

Powered by Walk Score ®

Location

City Monterey, CA
Neighborhood New Monterey
Zip Code 93940
Market Bay Area

Points of Interest

K&K QuickStop

0.13 miles
Chevron

1.21 miles
Chevron

1.50 miles
76

1.53 miles
Valero

1.56 miles
76

2.25 miles
Speedway

2.44 miles
Shell

2.60 miles
Alliance Gas

2.60 miles
7-Eleven

2.90 miles

Parking forMonterey Bay Aquarium Volunteers

0.05 miles
Parking for Casa de Amigos

0.06 miles
Whaling Station and Sardine Factory Parking

0.11 miles
Cannery Row Parking Lot 7

0.12 miles
Parking for The Clement Monterey

0.14 miles
Coast Guard Station

0.54 miles
Coast Guard Annex

0.63 miles
City of Monterey, Lot #4

1.10 miles
City of Monterey, Lot #8

1.14 miles
West Parking Facility

1.17 miles

Monterey Hostel

0.04 miles
Jabberwock Inn

0.19 miles
InterContinental The Clement Monterey Hotel

0.19 miles
Wave Street Inn

0.21 miles
Spindrift Inn

0.22 miles
Victorian Inn

0.27 miles
Holiday Inn Express Monterey - Cannery Row

0.31 miles
Cannery Row Inn

0.46 miles
Monterey Bay Inn

0.46 miles
Green Gables Inn

0.49 miles

Andronico's

0.17 miles
Monterey Canning Company Mall

0.17 miles
Steinbeck Plaza

0.18 miles
Cosentino Mall

0.20 miles
American Tin Cannery

0.24 miles
Enterprise Cannery

0.47 miles
Grove Market

0.90 miles
Safeway

1.23 miles
Trader Joe's

1.23 miles
Lucky

1.36 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Map of Property

761-767 Lighthouse Ave