27880 Dorris DR, Carmel Valley, CA 93923
$1,425,875
$1,425,875
Est.Price: ?

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10,497 Sqft Lot

27880 Dorris DR Carmel Valley, CA 93923

Est. payment /mo
SOLD DATE : 04/05/2023

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Key Details

Sold Price $1,425,875

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81906463

Sold Date 04/05/23

HOA Y/N No

Year Built 1980

Annual Tax Amount $18,500

Lot Size 10,497 Sqft

Property Description

Called Woodbriar, this is an attractive 2 story building in the heart of Carmel Mid Valley across the street from a Safeway anchored center. Located between Carmel and Carmel Valley Village, the mid valley center is home to many businesses and offices serving Carmel Valley and the greater peninsula. It has a limited amount of office buildings, with historically strong rental demand in the area. Of the 6 tenants, all are on month to month tenancies allowing an owner user to occupy part or all of the building. Existing rents are deemed to be below market and leases are gross. Spaces are individually metered and tenants pay gas and electric. Property is well maintained and grounds are attractively landscaped. Office sizes range from 373+. One tenant, Carmel Valley Medical has been a tenant in the building since 2003 and occupies 1,429 s.f. on the ground floor. The building has common restrooms on both floors, and 13 parking spaces to the rear of the building in addition to street parking.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning LC-D-S-RAZ

Interior

Cooling None

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 13

Building

Story 2

Water Public

Others

Tax ID 169235021000

Financing FHA

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Listed by Peter Baird Baird Partnership, Inc. #00533485
Bought with Frank Saunders Gabilan Properties
Jessica Lam

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