2103 Fremont StMonterey, CA 93940

Property Details for 2103 Fremont St

Year built

1966

Lot size

0.15 AC

Property size (Sq ft)

1,152 SF

Property type

Showrooms

APN

013-111-011-000

APU

13111011000

Description

This exceptional commercial property at 2103 Fremont Street in Monterey, California, presents a unique investment opportunity. Spanning 960 square feet on a 0.15-acre lot, this general commercial space is currently operating as a thriving flower shop, showcasing its ideal location and high visibility. The attractive storefront boasts ample window display space, perfect for maximizing product visibility and attracting customers. Inside, the open floor plan offers flexibility for a variety of commercial uses, easily adaptable to suit diverse business needs. The existing layout includes a sales floor, a dedicated floral arrangement area, and a convenient storage room. Practical fixtures, such as display shelves and work areas, are already in place, minimizing initial setup costs. Large windows flood the interior with natural light, creating a bright and inviting atmosphere for both staff and customers. The property also benefits from a well-maintained exterior and convenient parking options, enhancing its appeal. Its location within a vibrant community, close to shops, restaurants, and other amenities, ensures high foot traffic and customer accessibility. The existing flower shop business is also available for purchase separately, providing a turnkey operation for a prospective buyer. This property offers a compelling combination of location, versatility, and existing infrastructure, making it an attractive investment opportunity in the thriving Monterey market. The asking price is $695,000.

• CAP approach

  CAP return

  Valuation

  6%

  $507,116

  6.5%

  $468,107

  7%

  $434,671

• Comparable approach

  Method

  Valuation

  Relative Method

  $809,687

  Geo Method

  $809,687

• Alternative Use

  Use

  Valuation

  Residential

  $394,866

  Hospitality

  $361,695

  Educational

  $300,926

  Medical

  $311,276

  Retail

  $468,107

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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