Active

229 Grand Avenue

PACIFIC GROVE CA, 93950

$3,400,000


$319.76 per sqft

Active

10,633 sqft

Commercial

Built in 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.

ML81918536

MLS ID

December 4, 2023

Updated

Map

229 Grand Avenue
PACIFIC GROVE CA, 93950

Interior Features

Total Stories

1


Interior Features

Concrete


Floor Description

Concrete


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.27 acres


Roof

Metal


Sewer

Public Sewer

Other Property Details

Area Name

Forest Ave/Pine Ave


Garage

No


Parking

No Garage, Off Street


View

No


County

Monterey


Water Source

Public


Pool

No


Zoning

Downtown Commercial(C-D)


Buyer Agency Compensation

2%

Courtesy of Michael Zabrycki, Broker, Michael Zabrycki,
Listing Contact: 8326282206 

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 Tim Allen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 9:13 PM UTC, 12/4/2023

 

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