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176 Central Avenue

Pacific Grove, CA 93950
  • $1,150,000
  • STATUS: Active
  • ON SITE: 156 Days
  • ID#: ML81942469
UPDATED: 85 min ago
$1,150,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,523
    SQFT
  • $208
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

Attention investors...Check out this amazing redevelopment opportunity in Pacific Grove near Cannery Row and the Monterey Aquarium. Formerly a church, this approximately 5400 square foot building on a 6755 square foot lot is located on one of the 3 main streets leading into Pacific Grove. The sellers acquired this property approximately 3 years ago and have spent nearly $500,000 in costs and fees to get the zoning changed to allow a motel to be built on the site. The plans for the motel and vestige retail commercial space consist of a newly to be constructed back wing/section of the building that would have 3 motel units possibly 4 depending upon the size of the rooms are part of the disclosure packet. This project is ideally located just steps away from the major hotel planned at the American Tin Cannery and would boast good views of the Monterey Bay. A buyer can purchase this property and move forward with the plans including water as approved, or consider other opportunities.

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Contra Costa Association of Realtors logo Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-02-23T10:39:08.5.

www.swansonrealestate.com/homes/143541569
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176 Central Avenue Pacific Grove, CA 93950

  • Price: $1,150,000
  • Status: Active
  • On Site: 156 Days
  • Updated: 85 min ago
  • ID#: ML81942469
0
Beds
0
Baths
0
½ Baths
0.16
Acres
5,523
SQFT
$208
$/SQFT
1950
Built
Neighborhood:
Listing
County:
Monterey
Area:
Listing
Property Description
Attention investors...Check out this amazing redevelopment opportunity in Pacific Grove near Cannery Row and the Monterey Aquarium. Formerly a church, this approximately 5400 square foot building on a 6755 square foot lot is located on one of the 3 main streets leading into Pacific Grove. The sellers acquired this property approximately 3 years ago and have spent nearly $500,000 in costs and fees to get the zoning changed to allow a motel to be built on the site. The plans for the motel and vestige retail commercial space consist of a newly to be constructed back wing/section of the building that would have 3 motel units possibly 4 depending upon the size of the rooms are part of the disclosure packet. This project is ideally located just steps away from the major hotel planned at the American Tin Cannery and would boast good views of the Monterey Bay. A buyer can purchase this property and move forward with the plans including water as approved, or consider other opportunities.
Exterior Features

Lot Size Area 0.16 Parking Spaces Total 0 Roof Shingle

Interior Features

Building Area Total 5523 Heating Forced Air Heating YN Yes

Property Features

Age 73 Association YN No City Transfer Tax No Electric On Property YN No For Sale Or Rent For Sale Present Use 302197 Property Sub Type Comm Ind For Sale Zoning VC

Contra Costa Association of Realtors logo Listing courtesy of Monterey Peninsula Home Team of KW Coastal Estates: .


Contra Costa Association of Realtors logo Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-02-23T10:39:08.5.

 
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Swanson Real Estate Team | Keller Williams Tri-Valley Realty
2300 First Street, Suite 316
Livermore CA, 94550