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Rare opportunity to own a versatile two-story commercial property in a prime Monterey location with exceptional investment and redevelopment potential. Offering approx. 3,456 sq. ft., the building features multiple offices, 4 bathrooms, 5 separate entrances, and two sets of stairs at opposite ends providing excellent flexibility for separate access to each level. Situated on a corner lot with parking for 8+ vehicles and peeks of the Monterey Bay. Just a short 7-minute walk to Del Monte Beach and conveniently located near Downtown Monterey, Lake El Estero, restaurants, banks, schools, and more. The property offers unique potential for multiple uses, including full residential conversion or a mixed-use configuration with retail downstairs and residential upstairs, subject to City approval and applicable regulations. Plans are currently being pursued with the City for 3 residential units2 upstairs and 1 downstairs. A unique Monterey property with location, flexibility, and exciting possibilities for its next owner.
Listing agent: Miguel Amaya DRE #02077749 miguel@realagent.homes, Listing office: Real Brokerage Technologies
MLS data updated 10/30/2026, 10:02:14 PM PT
Source: CRMLS, MLS #: ML82063709
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 22, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,595,000Asking price recorded · Oct 22, 2026ZIP 93940 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.