2107 Fremont StMonterey, CA 93940

Property Details for 2107 Fremont St

Year built

1938

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

478 SF

Property type

Office properties

Property subtype

Office buildings

APN

013-111-010-000

APU

13111010000

Description

This exceptional property at 2107 N Fremont ST, Monterey, CA presents a rare opportunity to acquire a versatile commercial space with residential possibilities. Situated on a 0.07-acre lot, this charming building offers a unique blend of residential comfort and commercial viability. Currently configured as a one-bedroom, one-bathroom house, the property's layout provides a cozy and functional living space, ideal for an owner-operator or as a short-term rental. However, its prime location and adaptable design make it perfectly suited for a variety of commercial uses, including a small office, retail space, or a unique boutique. The property's potential is further enhanced by its convenient access to local amenities and its position within a thriving Monterey neighborhood. The asking price of $349,000 represents a compelling investment opportunity for entrepreneurs and investors seeking a property with significant upside potential. The building's size is not specified, allowing for creative adaptation to suit a wide range of business needs. This is a chance to own a piece of Monterey's vibrant commercial landscape, offering both immediate income potential and long-term growth prospects. Don't miss this chance to secure a property with such diverse possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $143,142

  6.5%

  $132,131

  7%

  $122,693

• Comparable approach

  Method

  Valuation

  Relative Method

  $133,319

  Geo Method

  $133,319

• Alternative Use

  Use

  Valuation

  Residential

  $163,842

  Hospitality

  $150,078

  Educational

  $124,863

  Medical

  $129,158

  Retail

  $194,232

Location Insight

City

Monterey

County

Monterey

State

California

Latitude

36.5963

Longitude

-121.863

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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