This charming 1924 cottage offers 2 bedrooms, 1 bath, and 700 sq ft of living space in a prime commercial zone. Just a block from Monterey Bay and walking distance to the famous Aquarium, it's perfectly located amid boutiques, dining, and the vibrant Cannery Row. With water credits to expand, this property is a rare investment opportunity.
HIGHLIGHTS
Prime Location: Situated in a mixed-use, residential, and commercial zone, the probable uses and development of this rare property are boundless.
Cannery Row, featuring boutique shops, casual and fine dining, adventure and fun activities, is bracketed by the Monterey Plaza Hotel at one end and the Monterey Bay Aquarium at the other. Originally occupied by sardine canneries and housing for fishermen, the area was made famous by John Steinbeck’s novel Cannery Row. Today it is a major tourist destination.
Water available to expand the residential space, perhaps with an ADU or build new mixed-use live / work. Use the current cottage as you plan future development.
ADDRESS 140 McClellan Ave, Monterey CA 93940
A.P.N. 001-025-008-000
LOT SIZE 2,750 SQ FT
LIVING SQ FT 708 SQ FT
ZONE Commercial - 2 & R-3
This adorable Steinbeck era cottage in Cannery Row features two cozy bedrooms, a spacious bathroom, comfortable living room and a charming kitchen / dining room.
Whereas potential future development may yield an extraordinary return on investment, the cottage works well now as a weekend getaway or rental
Step out your door and leisurely walk to one of dozens of restaurants, boutiques, or the beach.
Unlock the Full Potential of Your Property
In this zone, the possibilities are endless! Make the most of the entire lot by expanding into the side yard with an ADU or garage
Or dream big with a multi-story, mixed-use project that blends residential and business spaces It’s a rare opportunity to plan for the future while still enjoying the benefits of the existing home.
ADD A GARAGE
Full architectual plans for a garage addition come with the property. This is one optional use for side yard area.
Future conversion of garage to accessory dwelling unit may also be a possibility.
ADD AN A.D.U.
Full architectural plans for a two-story accessory dwelling unit with a rooftop patio are included with the property. City of Monterey would need to approve extra height for the roof-top viewing deck.
PLAT MAP
ASSESSOR PARCEL NUMBER: 001-025-008-000
Wave St & McClellan Ave - So very close to the ocean
ZONING
MONTEREY CITY GENERAL PLAN
Map 4 Showing Mixed Use Neighborhoods
ZONE - C2 ( COMMERCIAL - 2 )
https://monterey.municipal.codes/Code/38-29
Description.The C-2 Community Commercial District is intended to provide sites for retail shopping areas containing a wide variety of commercial establishments, including: retail stores and businesses selling home furnishings, apparel, durable goods, and specialty items; restaurants; commercial recreation; service stations; and business, personal and financial services.
AREA OVERVIEW
Monterey County: California’s Coastal Gem
Monterey County is where rich history meets breathtaking natural beauty. Anchored by the historic town of Monterey, home to California's first state capital, this region boasts an array of iconic attractions like the renowned Monterey Bay Aquarium and the charming Cannery Row. Pebble Beach entices with its world-famous 17-Mile Drive® and prestigious coastal golf courses. Pacific Grove offers panoramic ocean views,and small town appeal. In Carmel-by-the-Sea, experience storybook architecture, vibrant art galleries, and world-class dining in a village by the ocean. Monterey County offers a unique and unforgettable experience.
DEMOGRAPHICS
POPULATION - COUNTY
NEARBY CONDOS
DEVELOPMENT POTENTIAL
On the Monterey Peninsula, only a select few areas allow for mixed-use development and multi-story buildings. The Cannery Row / Lighthouse Ave special zone is one of them
Note the four-unit condo development around the corner from our property at 457 Wave St
