- For Sale $1,575,000
- Property Type Retail
- Property Size 9,235 SF
- Lot Size 0.21 Acre
- Cap Rate % 6.9
- Date Updated Apr 19, 2024
- Ground Leased Investment Property
- Rare Monterey Fisherman’s Wharf Location
- Long-Term Ground Floor Tenant
- Upper Floor Theater Available for Adaptive Reuse
- Cap Rate: 6.9%
Description
Mahoney & Associates Commercial Real Estate is pleased to offer for sale the Wharf Theater in Monterey, CA. The improvements consist of a ground-leased 2 story building. The first floor houses leased retail space. The second accessed via a central stairwell, features a theater stage of approximately 944 sf., a theater seating area of approximately 1,344 SF with 158 fixed seats. The second floor also features a small art gallery, 2 dressing rooms, and 2 offices and four separate restrooms. There are several storage areas and ample ocean views to the west and east from the upstairs windows. The building has sprinklers but no elevator.
Location
This property is located on Fisherman’s Wharf, also known as Wharf #1, in the coastal community of Monterey.
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Contacts
Peter Baird
Mahoney & Associates
(831) 646-1919
Location
Getting Around
-
Walk Score ®
Very Walkable (74) -
Bike Score ®
Biker's Paradise (91)
- City Monterey, CA
- Neighborhood Franklin
- Zip Code 93940
- Market Central Coast
Points of Interest
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Valero
0.64 miles
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Chevron
0.65 miles
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76
0.69 miles
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76
0.89 miles
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K&K QuickStop
1.06 miles
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Shell
1.54 miles
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76
1.61 miles
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Chevron
1.64 miles
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Valero
1.67 miles
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Speedway
1.71 miles
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Coast Guard Annex
0.31 miles
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West Parking Facility
0.33 miles
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East Parking Facility
0.33 miles
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Coast Guard Station
0.39 miles
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City of Monterey, Lot #4
0.41 miles
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City of Monterey, Lot #8
0.42 miles
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Parking for Casa de Amigos
0.89 miles
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Parking for The Clement Monterey
0.90 miles
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Lot A
0.92 miles
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Whaling Station and Sardine Factory Parking
0.92 miles
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Abalonetti Bar and Grill
0.02 miles
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Nino's Warfside Bar and Grill
0.02 miles
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Fish and Chips Cafe
0.03 miles
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Rockfish Harbor Grill
0.03 miles
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Cafe Fina
0.03 miles
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Domenico's On The Warf
0.03 miles
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Liberty Fish Co
0.04 miles
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Crab Loui's Bistro
0.04 miles
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Old Fisherman's Grotto
0.05 miles
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Crabby Jim's Seafood
0.07 miles
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Enterprise Cannery
0.48 miles
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Trader Joe's
0.60 miles
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Cosentino Mall
0.74 miles
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Steinbeck Plaza
0.85 miles
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Monterey Canning Company Mall
0.89 miles
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Andronico's
1.07 miles
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American Tin Cannery
1.14 miles
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Macy's
1.46 miles
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Pottery Barn
1.50 miles
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Whole Foods Market
1.55 miles
Contact Listing Broker
Peter Baird
Mahoney & Associates
(831) 646-1919
