Description
This is a very exclusive offering to purchase a mixed-use building located in the heart of downtown, Carmel by the Sea! Only a few commercial properties in Carmel-By-The-Sea trade each year, so each one is a rare opportunity! This beautiful mixed-use property is one of the newer developments in Carmel. Morgan Court consists of three apartment units over nine commercial units. Currently, the three apartments are rented on a month-to-month basis. David Lyng Real Estate is the only current commercial Tenant. They occupy approximately 1,679 SF and are also on a month-to-month lease. There is additional opportunity to convert 4 of the downstairs commercial units in to residential, studio apartments. Financials and expenses are available upon request.
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