27847 Berwick DR, Carmel Valley, CA 93923
$1,060,000
$1,113,000
4.8%
Est.Price: ?

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10,497 Sqft Lot

27847 Berwick DR Carmel Valley, CA 93923

Est. payment /mo
SOLD DATE : 07/10/2023

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Key Details

Sold Price $1,060,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81906476

Sold Date 07/10/23

HOA Y/N No

Year Built 1973

Annual Tax Amount $15,980

Lot Size 10,497 Sqft

Property Description

Called Briarwood, this is an attractive 2 story building built in 1973 is located 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. The building has historically been divided into smaller spaces, ranging from 114 to 608 square feet. Of the 13 suites, all except 6 spaces are on month to month tenancies, with the balance expiring in 2023, allowing an owner user to occupy part or all of the building. Existing rents are deemed to be below market, and leases are gross. Since there is a scarcity of small office product in mid valley the spaces tend to rent quickly. 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 HC-D-S-RAZ

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 13

Building

Story 2

Others

Tax ID 169231002000

Financing Seller Financing

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Listed by Peter Baird Baird Partnership, Inc. #00533485
Bought with RECIP
Jessica Lam

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