529 Central, Pacific Grove, CA 93950

$2,700,000
List Price
$2,700,000
Price Change
▼ $500,000 1711667289
Closing Date
Apr 26, 2024
Status
ACTIVE UNDER CONTRACT
MLS#
ML81955101
Year Built
1984
Lot Size
11,376
Acres
0.26
Days on Market
64
Property Type
Commercial

Property Description

Located directly across the street from the 101 guest room Kimpton Hotel development and one block from the ocean, 529 Central is a two-story ± 14,321 SF commercial building. There is currently only one tenant in the building, occupying approximately 2,510 sf on the ground floor. The remainder of the building is vacant and in primarily shell condition, due to fire damage in the building. The property benefits from ocean views on the second floor and historical group 2 water credits that could be used for a coffee shop, deli, or commercial kitchen use. There are plans by RRM Design Group out of San Luis Obispo for a 6-unit residential partial conversion (two units in a portion of the ground floor, and four units on the entirety of the second floor).

Additional Information

Heat
Forced Air
Cooling
Yes
Cooling Description
None
Roof
Flat
Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: Patrick Stafford (pstafford@mahoneycommercial.com) from Listing Office: Baird Partnership, Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.