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