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176 Central Ave

Pacific Grove, CA 93950
  • $1,050,000
  • STATUS: Closed
  • ON SITE: 300 Days
  • ID#: ML81942469
Sold - 07/05/2024
$1,050,000
SOLD - 07/05/2024
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1951
County:

School Ratings & Info

Listing provided courtesy of Monterey Peninsula Home Team of KW Coastal Estates: 831-594-3290.

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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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-07-15T23:51:48.023. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California, Inc.

Licensed in the State of California.
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176 Central Ave Pacific Grove, CA 93950

  • Price: $1,095,000
  • Status: Closed
  • On Site: 300 Days
  • ID#: ML81942469
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1951
Built
Neighborhood:
Central Ave/Downtown
County:
Monterey
Area:
Central Ave/Downtown
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

Foundation Concrete SlabWood Frame Garage Parking On Street Roof Composition Sq Ft Yard 1375

Interior Features

Cooling None Heating Forced Air Sq Ft Warehouse 0 Structure Sq Ft 5523

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Limits Yes City Name PACIFIC GROVE Cross Street Dewey Ave Facilities Conference/Meeting RoomMeeting FacilitiesOfficeRestroom(s)Restrooms-PrivateStorage Incorporated No Lot Size Area Maximum 6755.00 Meters Master ElectricMaster GasMaster Water Present Use Vacant Restrictions Parking Restrictions Security Features None Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Propane On SitePublic Utilities Water Private / MutualWater Available at Street Zoning VC

Listing provided courtesy of Monterey Peninsula Home Team of KW Coastal Estates: 831-594-3290.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-07-15T23:51:48.023. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California, Inc.

Licensed in the State of California.
Website powered by BoomTown.
 
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eXp Realty of California, Inc
6203 San Ignacio Avenue, Suite 110
San Jose CA, 95119

Listing provided courtesy of Monterey Peninsula Home Team of KW Coastal Estates: 831-594-3290.