31 Soledad Dr
31 Soledad Dr, Monterey, CA 93940
Mahoney & Associates is pleased to present to the market 31 Soledad Dr., in Monterey, CA. The property consists of a 2-story building totaling +/- 9,099 SF, with 4 separate units. The building sits on a 6,800 SF lot with great visibility from Soledad Dr., a major road in Monterey that sees 15,257 cars/day and has easy access to Highway 1, 68, and the surrounding communities. Zoning is C-1, allowing for many uses serving the daily needs of nearby residences. Opportunities exist for an owner-user requiring immediate space.
• Desirable frontage, with an estimated 15,257 ADT
• Very central location for access to Salinas, Carmel or Monterey
• 3 established tenants – all with NNN leases
• Available parking
• Opportunity for rental increases over term
• Portion building available for owner-user
ESTIMATED PROPERTY OPERATING INCOME/EXPENSES
Estimated Income
Annual Rental Income (Pro Forma) $123,002.88
Vacancy Factor 3% -$3,690.09
Adjusted Gross Income $119,312.79
Estimated Expenses
Real Estate Taxes (at asking price) -$20,381
Property Insurance -$7,210
Utilities -$10,102
Repairs & Maintenance (3%) -$3,977
Management Fee (5%) -$6,628
Estimated Total Operating Expenses -$48,298
Tenant Reimbursements
Taxes $20,381
Insurance $2,794
Utilities $10,102
Total Tenant Reimbursements $33,277
Estimated Net Operating Income $104,291.79
Building Details
- For Sale $1,799,000
- Property Type Retail
- Property Size 9,099 SF
- Lot Size 6,800 SF
- Additional Rent Price on request
- Building Class C
- Year Built 1966
- Date Updated Sep 21, 2026
- Visibility/Traffic Count (VPD) 15,257
Reach out to the broker for more info on lease terms and amenities
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Contacts
Mahoney & Associates
Mahoney & Associates
Location
- City Monterey, CA
- Neighborhood Monterey Vista
- Zip Code 93940
- Market Central Coast
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Walk score 70/100 Somewhat Walkable -
Transit score 30/100 Some Transit -
Bike score 37/100 Somewhat Bikeable
Points of Interest
76
0.21 miles
Chevron
0.99 miles
Valero
1.56 miles
Shell
1.66 miles
ChargePoint
2.01 miles
K&K QuickStop
2.17 miles
Blink
2.42 miles
Lot C
0.97 miles
Lot B
1.03 miles
City of Monterey, Lot #8
1.13 miles
City of Monterey, Lot #4
1.14 miles
Lot A
1.16 miles
Lot D
1.18 miles
Lot J
1.22 miles
West Parking Facility
1.23 miles
CDC Parking
1.24 miles
Lot E
1.25 miles
Whole Foods Market
0.24 miles
Pottery Barn
0.31 miles
Macy's
0.44 miles
Trader Joe's
0.98 miles
Safeway
1.68 miles
Enterprise Cannery
1.84 miles
Lucky
1.97 miles
Cosentino Mall
1.98 miles
Steinbeck Plaza
2.15 miles
Brunos Market & Deli
2.17 miles
Listing Summary
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Property Financials 31 Soledad Dr is currently listed for sale at $1,799,000 for a price per square foot of $197.71.
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Property Details 31 Soledad Dr totals 9,099 square feet of Retail space on a lot spanning 6,800 square feet. The property was initially built in 1966. Based on its location, amenities, and finishes, the property is listed as class C.
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Area Characteristics 31 Soledad Dr is located in the Monterey Vista neighborhood.
In terms of ease of commuting, the area has a walk score of 70, indicating that it is very walkable.
