offering memorandum 36700 highway 1 monterey, ca 93923€¦ · & resh f vegetables grown...

BEVERLY HUIntero Commercial

Direct Line | [email protected]

GREG CARYIntero Commercial

Direct Line | 408.464.3205 | Los Gatos| [email protected]

OFFERING MEMORANDUM36700 Highway 1Monterey, CA 93923

Property Summary

Property Photos

Property Aerial

Area Map

Location Overview

Demographics

TABLE OF CONTENTS

CONFIDENTIALITY DISCLAIMER:The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to

determine to your satisfaction the suitability of the property for your needs.

Rocky Point Restaurant's location on the cliffs above the Pacific Ocean gives our guest the feeling they are a world away. Spectacular views from every table of the Pacific Ocean as you sit perched cliff-side; either inside through panoramic windows next to a cozy fireplace or outside on open deck. Catch a glimpse of playful sea-otters, dolphins, seals, and many whales as they migrate up the coast. Sharing time with friends and family, enjoying freshest seafood right out of Monterey Bay, Steaks, Salads & Fresh Vegetables grown locally, full Bar and Award Winning Monterey wines,

Type | Retail

Subtype | Resturant

Year Built | 1949

GLA | 6,159 SF

Land Area | 2.50 AC

Zoning | VSC-D (CZ) WSC/40 (CZ)

Floors | Tiles, Woods

Construction | Wood Frame

Parking | 101 Free Surface Spaces, 13.5/1000 SF

36700 HIGHWAY 1MONTEREY, CA 93923

PROPERTY SUMMARY

Type | Retail

Subtype | Restaurant

Year Built | 1949

GLA | 6,159 SF

Land Area | 2.50 AC

Zoning | VSC-D (CZ), WSC/40 (CZ)

Floors | Tiles, Woods

Construction | Wood Frame

Parking | 101 Free Surface Spaces; Ratio of 13.5/1,000 SF

Traffic Volume | 4,002 on Hwy 1 & Palo Colorado Rd (2016)4,900 on Hwy 1 & Aurora del Mar (2016)






ROCKY POINT HIGHLIGHTS

World famous landmark, one of kind property on California’s scenic Highway 1 Spectacular breathtaking view of the Pacific ocean, mountains, cliff, animals, birds and plants Gated 2.5 acres located right on gorgeous Coast line with private access to beach and hiking trailsA mere 10 miles from Carmel downtown and Pebble Beach

BUILDING DESCRIPTION

Improvements comprise of one, partial two-story building containing approximately 6,159 square feet of restaurant related space including a two bedroom one bath residential unit presently utilized for office and storage. In addition there is also one two-bedroom/one bathroom apartment of approximately 887 square feet, plus a studio apartment of approximately 340 adjacent to the restaurant building.

The first floor is built-out with a lobby area, manager’s office, two restrooms, fully equipped kitchen with brick rotisserie, main dining room, banquet room, and cocktail lounge. The seating capacity of the restaurant is 164. The second floor is currently being utilized as storage space and office for staff. The main dining room, banquet room and cocktail lounge provide unobstructed views of the Pacific Ocean. 101 open, asphalt paved, including 2 handicapped parking spaces. The remainder of the site is improved with natural ground cover. The patio area was improved with a gazebo in 1996, and in 1998 the terrace and stairs were built, allowing for formal outdoor seating,

All forms of public utilities including water, septic tanks, electricity, natural gas and telephone serve the site. Water is provided by the Garrapata water system. As a compliment to the water source the site also has two (2) 5,000 gallon water storage tanks.

Single family mansionCorporate retreatMultiple unit condominiumsHigh-end boutique hotellocally, full Bar and Award Winning Monterey wines,

POTENTIAL DEVELOPMENT





PROPERTY AERIAL


HIGHWAY 1





Monterey is a city located in Monterey County in the U.S. state of California, on the southern edge of Monterey Bay on California's Central Coast. The 2016 census recorded a population of 28,454. Monterey was the capital of Alta California under both Spain and Mexico. It was the only port of entry for taxable goods in California.

The city had California's first theater, public building, public library, publicly funded school, printing press, and newspaper. The city and surrounding area have attracted artists since the late 19th century and many celebrated painters and writers have lived there. Until the 1950s, there was an abundant fishery. Among Monterey's notable present-day attractions are the Monterey Bay Aquarium, Cannery Row, Fisherman's Wharf and the annual Monterey Jazz Festival.

The city is serviced by California State Route 1, also known as the Cabrillo Highway, as it runs along the coastline of the rest of Monterey Bay to the north and Big Sur to the south. California State Route 68, also known as the Monterey-Salinas Highway, connects the city to U.S. Route 101 at Salinas and to Pacific Grove.

Monterey Regional Airport connects the city to the large metropolitan areas in California, Arizona, and Nevada.

MONTEREY, CA






2017 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

100

52

26

1.81

20

32

47.1

$78,496

$132,115

3Miles

509

254

127

1.90

96

157

47.1

$76,475

$132,535

5 Miles

529

264

132

1.90

100

164

47.3

$76,374

$132,720

2022 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

102

53

27

1.83

20

33

47.5

$95,106

$151,465

3Miles

524

261

131

1.90

98

163

47.6

$98,926

$150,716

5 Miles

544

271

136

1.90

102

169

47.5

$98,005

$151,079

DEMOGRAPHICS

5 MILES

3 MILES

1 MILE











Direct Line | 408.464.3205 | Los Gatos | [email protected]

OFFERING MEMORANDUM36700 Highway 1Monterey, CA 93923



offering memorandum 36700 highway 1 monterey, ca 93923€¦ · & resh f vegetables grown...

Documents