Discover a rare opportunity for an owner/user or investor to purchase a charming, freestanding professional office building, perfectly suited for medical or professional practices, with the unique potential for conversion back to a residential home. Located in a highly visible area, this Monterey-style property combines historic elegance with modern updates, offering a versatile and inviting space for your business or investment needs. Located just steps from Downtown Monterey, Fisherman’s Wharf and Del Monte Shopping Center, 182 El Dorado Street is a rare opportunity to acquire a versatile property located in an established Medical office area of Monterey. Past uses have been medical office and related professional office. This single-story free standing 982± square foot building sits on a 5,500 SF lot with private off street parking. Currently zoned for office medical use—though the neighborhood and layout make it an ideal candidate for residential repurposing if that is your desire or the possibility of a multi-unit residence. The building features multiple rooms with large windows, lots natural light, and a functional flow for private or public use. Updates include: fresh paint, updated flooring, newer kitchen cabinetry and fixtures. The large lot offers a fenced courtyard, rear deck, and a landscaped garden. Side yard is very private with a tall stucco wall and mature shade trees. Located in a ZIP code with a median per capita income over $50,000 and a household median over $85,000, the area supports both owner-user and investor demand. The surrounding neighborhood has experienced a steady growth trend with increasing residential demand and limited small property inventory.