Pacific Grove, CA 93950,529 Central
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Pacific Grove, CA 93950,529 Central
Pacific Grove, CA 93950,529 Central
Pacific Grove, CA 93950,529 Central
Pacific Grove, CA 93950,529 Central

$2,000,000

Est. payment /mo

$2,700,000

25.9%
Est.Price: ?

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529 Central Pacific Grove, CA 93950

0.26 Acres Lot

SOLD DATE : 04/19/2024

Key Details

Sold Price $2,000,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81955101

Sold Date 04/19/24

HOA Y/N No

Year Built 1984

Lot Size 0.261 Acres

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).

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning CD

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Roof Type Flat

Present Use Commercial

Building

Story 2

Water Public

Others

Tax ID 006174009

Financing Cash

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California Regional MLS (CRMLS)
Listed by Patrick Stafford • Baird Partnership, Inc.
Bought with Patrick Stafford • Baird Partnership, Inc.

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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