$175,000
For Sale

570 Lighthouse Avenue

Monterey, CA 93940
0.02 acres | #ML81978145
Listing OfficeEpique Realty
Browse 8 photos
Type:Purchase
Structure:Commercial
Zone:Residential

Description

Within the last two years the Owner has newly renovated with new wall plaster, paint, floor drains, electrical, plumbing, and the fire system. The fixtures and equipment are new in the last two years, and they are all owned and not leased. The beautiful wood ceiling adds to the enjoyable ambiance making options for this to be almost any kind of restaurant. The Owner is selling this last one of his restaurants to retire. It is a wonderful location and fabulous opportunity with two businesses in one including a catering license and restaurant being sold together. The current menu includes a variety of food for breakfast, lunch, and dinner from eggs benedict to your juicy hamburger, and more! Guests can enjoy a choice of inside or outside seating. There is plenty of street parking and also parking spaces in back. The store front can be easily seen by drive by traffic. Foot traffic has an easy walk to the Monterey Bay Aquarium and there are plenty of other places nearby to enjoy in Monterey and very nearby Pacific Grove. Mando's has been at this specific location about two years now. The building is not owned by the restaurant and is not included in the sale. However, there is a favorable lease in place in which the Buyer would request to have remain in place.

  • Property Details
      • Property SubtypeBusinessOpportunity
      • MLS #ML81978145
      • MLS #ML81978145
      • Property TypePurchase
      • CountyMonterey
      • Original List Price$400,000
      • Acres0.0234
      • Cost175000

Location

Gary ElminoufiReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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