845 Wave Street, Monterey, CA 93940

$4,200,000
2,998
SqFt
List Price
$4,200,000
Status
ACTIVE
MLS#
ML81907484
Year Built
1958
Living Sq. Ft
2,998
Lot Size
5,500
Acres
0.13
Days on Market
72
Property Type
Multifamily
Property Sub Type
Triplex

Property Description

845 Wave Street is a property in the heart of Cannery Row unlike any other with incredible opportunity for a savvy entrepreneur. The commercial location is a prime candidate for the pre-allocated Wave district Cannabis Dispensary, one of only 3 dispensary locations that will be allowed in Monterey. With thousands of tourists, families and cars passing by each day this location could be the ideal location for retail cannabis. The lot is just 15 yards from public parking, along a popular bike path, and a stones throw from the beach. The main house features breathtaking ocean views, vaulted ceilings & a ton of natural light that brings the space to life. If you did want to focus on the business opportunity on Wave Street the main house could potentially be converted to expand the commercial space to 3,000+ square feet. The back house is a dream 1-bed, 1-bath with an attached 2-car garage complete with a large rooftop deck overlooking Cannery Row and with views of the Pacific Ocean!

Additional Information

Heat
Central, Fireplace(s)
Cooling Description
None
Roof
Composition
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
School District
Other
Attached Structure
Detached

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: The C Group (team@bhgbythesea.com) from Listing Office: Better Homes And Gardens Real Estate By The Sea.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.