Property Details
About this Property
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 Listing Information
MLS #
ML81918536
MLS Source
MLSListings, Inc.
Days on Site
114
Buyer's Brokerage Compensation*
2.00%
Commercial Information
# Buildings / # Units
1
Loading Facility
DoorTruck
Parking Spaces
0
Present Use
Mini Storage, Retail
Utilities
Water - Public
Interior Features
Flooring
Concrete
Cooling
None
Heating
Gas, Other
Exterior Features
Roof
Metal, Other
Foundation
Slab
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Zoning
Downtown Commercial(C-D)
Address Not Disclosed is a Commercial Sale in Pacific Grove, CA 93950. This 10,633 square foot property sits on a 0.265 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,400,000 and was built in 1928. This address can also be written as Address Not Disclosed, Pacific Grove, CA 93950.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of March 16, 2023. For the most current information, please contact Michael Zabrycki, (832) 628-2206
