1249 Josselyn Canyon RdMonterey, CA 93940

Property Details for 1249 Josselyn Canyon Rd

Year built

1955

Construction

WOOD

Property size (Sq ft)

12,178 SF

Property type

Healthcare properties

Property subtype

Hospitals

APN

101-201-002-000

APU

101201002000

Description

This exceptional 21,990 square foot commercial property, situated on a sprawling 6.85-acre lot in Monterey, California, presents a remarkable investment opportunity. Previously operating as Ave Maria Convalescent Hospital, this versatile facility is ideally positioned for a variety of uses. The property boasts six distinct structures, offering ample space and flexibility. Two substantial buildings, designed for patient care and administration, feature a total of 49 beds. On-site staff accommodations are provided, ensuring convenient management. Additional structures include dedicated food storage and walk-in freezers, a four-car garage with a workshop, and a separate storage casita. Internal features are equally impressive, encompassing a welcoming reception area, administrative offices, a comfortable employee break room, a fully equipped commercial kitchen, and two conveniently located laundry areas. A large basement provides extensive storage, complemented by two spacious activity rooms. The property also includes a well-lit parking lot with a capacity of 32 vehicles. This unique offering, rarely seen in the Monterey market, combines substantial square footage, expansive acreage, and a desirable location in a forested setting, making it an exceptional addition to any discerning investor's portfolio. The property's central location within the sunbelt further enhances its appeal and potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,564,762

  6.5%

  $3,290,550

  7%

  $3,055,511

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,906,051

  Geo Method

  $3,906,051

• Alternative Use

  Use

  Valuation

  Residential

  $4,174,202

  Hospitality

  $3,823,546

  Educational

  $3,181,146

  Medical

  $3,290,550

  Retail

  $4,948,448

Location Insight

City

Monterey

County

Monterey

State

California

Latitude

36.5846

Longitude

-121.865

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].