Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81942469
MLS Source
MLSListings, Inc.
Commercial Information
Parking Spaces
0
Utilities
Propane, Public Utilities
Interior Features
Cooling
None
Heating
Forced Air
Exterior Features
Roof
Composition
Foundation
Slab, Wood Frame
Parking, School, and Other Information
Sewer
Public Sewer
Zoning
VC
Neighborhood: Around This Home
Neighborhood: Local Demographics
176 Central Ave is a Commercial Sale in Pacific Grove, CA 93950. This 5,523 square foot property sits on a 6,755 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,050,000 and was built in 1950. This address can also be written as 176 Central Ave, Pacific Grove, CA 93950.
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This listing information is up-to-date as of July 06, 2024. For the most current information, please contact Monterey Peninsula Home Team, (831) 594-3290
