845 Wave St, Monterey, CA 93940

$4,200,000
2,998
SqFt
List Price
$4,200,000
MLS#
ML81907484
Status
ACTIVE
Zoning
C2
Sqft. of Residence
2,998
Lot Size
5,500
Listing Area
Cannery Row/Lighthouse Business District

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

Acres
0.1263
Age
64
Cooling System
None
Foundation
Concrete Slab
Garage Parking
Detached Garage
Heating System
Central Forced Air, Central Forced Air - Gas, Fireplace
Living Area
2,998
Lot Size
5,500
Neighborhood
Cannery Row/Lighthouse Business District
Other Utilities
Public Utilities
Roof
Composition
Sewer
Sewer - Public
Special Features
Parking
Total Number Of Units
3
Unincorporated Yn
Yes
Zoning
C2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of The C Group from Better Homes And Gardens Real Estate By The Sea

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