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.
- Price:
- $3,400,000
- Square Footage:
- 10,633
- Acreage:
- 0.27
- Year Built:
- 1928
- Listing ID #:
- ML81918536
- Street Address:
- Address Not Disclosed
- City:
- Pacific Grove
- State:
- California
- Postal Code:
- 93950
- County:
- Monterey
- Community:
- Forest Ave/Pine Ave
- Listing Status:
- Active
- Listing Type:
- Commercial Property
- Age Of Dwelling:
- 95
- Building Security:
- Fire Alarm , Fire System - Sprinkler, Security Alarm , Security Service, Varies By Unit
- Flooring:
- Concrete
- Foundation:
- Concrete Slab
- Stories:
- 1
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 10633
- Type Of Roof:
- Metal, Other
- Warehouse Square Footage:
- 10633
- Year Built:
- 1928
- Business Description:
- J&j Storage
- Business Type:
- Deli/Catering, Gift/Boutique, Liquor Store, Mini Storage, Retail, Warehouse
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- Downtown Commercial(c-D)
- Existing Land Use:
- Mini Storage, Retail
- Lot Square Footage:
- 11566.00
- Total Available Acres:
- 0.2655
- Owner Pays:
- Insurance - Fire, Maintenance - Common Area, Maintenance - Exterior, Maintenance - Roof, Maintenance - Site, Sewer, Tax Increases, Taxes
- Garage Description:
- No Garage, Off-Site Parking, Off-Street Parking
- Existing Water:
- Public
- Heating:
- Gas, Other
- Sewage Type:
- Sewer - Public, Sewer Connected, Sewer In Street
- Utilities:
- Individual Electric Meters, Individual Gas Meters, Master Meter
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Michael Zabrycki 832-628-2206 with Michael Zabrycki
-
This data is up-to-date as of June 2, 2023.
Similar Properties
$3,490,000
34 Rincon Ave, Salinas, CA 93905
22,544 SqFt
-- Beds | -- Baths
Listing Provided By Sigifredo Ponce of Berkshire Hathaway Hs Real Time Realty ACTIVE
