Description
Rare Development Opportunity with Bay View Potential!** What a value this 5,024 sq ft corner lot in Monterey is zoned for 3-5 units and offers sweeping potential views of Monterey Bay. Plans by architect Clark Watkins for a 3-unit building were originally approved by the City in 2005. Buyers should verify the current status of any prior plans, permits, and water allocation with the City. The propertys last known spot on the water waitlist was #22. The attractive pricing reflects that no water is currently available. An exceptional long-term investment with the chance to build a future income-producing triplex in one of Montereys most desirable locations.
Details
| MLS # | ML82005387 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 69 |
| Listing Provided By | eXp Realty of California Inc | The Russell Group |
Features
| Zoning | R-3 |
|---|---|
| Acreage | 0.12 |
| Property View | Yes |
Exterior
| Lot Features | Sloped Down |
|---|---|
| Fencing | None |
Utilities
| Utilities | Water Not Available |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Monterey |
| City | Monterey |
| Zip Code | 93940 |
| Area | 699 Not Defined |
| School District | Other |
Listing Updated: July 9, 2025 at 12:39:02 PM PDT