201 Hoffman Ave - Office FOR SALE


Monterey, CA 93940
$1,395,000 USD
831-595-1010
201 Hoffman Ave, Monterey, CA for Sale
$1,395,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

201 Hoffman Ave
Monterey, CA 93940


HIGHLIGHTS

  • Located two blocks from Cannery Row and nearby Monterey Bay attractions.
  • Configured as a multi-tenant office building with flexible occupancy options.
  • Features a central atrium garden with skylights and natural light.
  • Includes conference, reception, lobby, break room, and common office areas.
  • Zoned C-2 Community Commercial in an established mixed-use district.
  • Public parking garage with 1,003 spaces is located nearby.

OVERVIEW

201 Hoffman Avenue presents an opportunity to acquire a two-story multi-tenant office building in Monterey's Cannery Row district. The property consists of approximately 6,889 square feet on a 5,000-square-foot parcel and is positioned just two blocks from Cannery Row, one of the Monterey Peninsula's most recognizable tourism and commercial destinations. Its location places it within walking distance of restaurants, retail services, visitor attractions, and coastal amenities that contribute to sustained pedestrian activity throughout the area. The building is configured with multiple office suites across two levels, creating flexibility for an owner-user seeking occupancy while maintaining income from additional tenants, or for an investor pursuing lease-up and operational improvements. Interior features include a reception area, conference room, lobby, copy room, break rooms, exercise area, multiple restrooms, and a central atrium garden with skylights that provide natural light throughout the building. The property's design and suite configuration support a range of professional office users. Accessibility is enhanced by frontage along Hoffman Avenue and proximity to Lighthouse Avenue and Foam Street. In addition to three on-site parking spaces, the property benefits from access to a nearby public parking structure with more than 1,000 spaces. Zoned C-2 Community Commercial, the asset is situated within an established mixed-use coastal district that combines tourism, retail, hospitality, and professional service uses. The combination of an infill Monterey location, existing tenancy, flexible office layout, and proximity to major area attractions positions the property as a potential owner-user acquisition or value-add investment opportunity.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

-

APN/PARCEL ID

001-062-001-000

ASK ABOUT THIS PROPERTY

Michael SchoederCushman & WakefieldMore Info
831-595-1010

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Michael SchoederCushman & WakefieldMore Info
831-595-1010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.