Address Not Disclosed

PACIFIC GROVE, CA, 93950

$3,400,000

$3,400,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 1928
Current Zoning should allow for 3 story residential condo project with access to water. Highly respected local architect is. available to assist with due diligence. Rare and Unique Investment Opportunity nestled in famous Pacific Grove, California adorned with great beaches, Monterey Bay and our tranquil Pacific Ocean. High Barrier to Entry (28 unit) storage facility complemented with two retail tenants: Everest Liquor Store and The Nest Clothing Store. Gorgeous 10,633 Square Foot Warehouse/Storage Facility/Retail investment property zoned in Downtown Pacific Grove. Prestigious location supported by major 'City Approved' Growth projects to include two 'high profile' multi-level residential condominium projects on Lighthouse Avenue. Stabilized rents with positive upside to income growth allow a visionary to plan for future income producing modifications and uses due to flexible and widespread planning opportunities within the CD(Commercial Downtown) Zoning matrix.
MLS® ID:
ML81918536
Updated:
3/25/23
Berkshire Hathaway Home Services
Sigifredo Ponce
Mobile: (831) 261-3758Email: sig.ponce.realtimerealty@gmail.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Concrete
Cooling
None
Heating
Gas, Other

Exterior/Building Features

Lot Size
0.27 acres lot
Roof
Metal, Other
Sewer
Sewer - Public, Sewer Connected, Sewer in Street

Other Property Details

Area Name
130
Garage
Yes
Parking
No Garage, Off-Site Parking, Off-Street Parking
View
Y
County
Monterey
Utilities
Individual Electric Meters, Individual Gas Meters, Master Meter
Water Source
Public
Pool
No
Total Stories
1
Zoning
Downtown Commercial(C-D)

Property History

Date
Event
Price
Value
3/16/23
Price Change
$3,400,000
-15%

Courtesy of Michael Zabrycki, Broker, Michael Zabrycki,
Listing Contact: 832-628-2206 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sigifredo Ponce shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:12 PM UTC, 3/25/23

 

Berkshire Hathaway Home Services
Sigifredo Ponce
Mobile: (831) 261-3758Email: sig.ponce.realtimerealty@gmail.com
Contact