Home | Monterey County | Pacific Grove | 93950 | 1157 Forest Ave
MLS: ML82037512 | Status: Active | Price: $2,988,000
Beds/Baths: – / –
Property Type: Commercial Sale
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,259 | 22,400 | 1982 |
1157 Forest Avenue presents a rare mixed-use investment opportunity in one of the Monterey Peninsula's most desirable commercial corridors. Located directly across from Trader Joe's and within a block of Safeway and Lucky, the property benefits from exceptional visibility and daily traffic counts of approximately 17,663 vehicles. The 8,402 square-foot building sits on a large 22,651 square-foot lot and is currently home to nine tenants, including a popular pizzeria, professional service providers, a hair salon, a window showroom, and two residential one-bedroom apartments. Beyond its current income, the property offers significant upside and redevelopment potential. Under the city's updated zoning framework designed to encourage higher-density housing, the site may support redevelopment of up to 24 market-rate residential units (buyer to verify). Additional income potential exists through tenant improvements or changes in use if a cannabis retail license is secured, or if portions of the warehouse space are converted to additional residential units. This combination of stable existing income, exceptional location, and long-term development potential makes 1157 Forest Avenue a uniquely compelling investment opportunity in Pacific Grove.
| Field | Value |
|---|---|
| MLS # | ML82037512 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 47 |
| Feature | Details |
|---|---|
| Flooring | Carpet, Concrete |
| Cooling | Central Forced Air - Gas |
| Heating | Central Forced Air - Gas |
| Feature | Details |
|---|---|
| Roof | Tar/Gravel |
| Foundation | Concrete Perimeter and Slab |
| Feature | Details |
|---|---|
| Sewer | Public Sewer |
| Zoning | Comm |
| Feature | Details |
|---|---|
| Loading Facility | _12ftRollUpDoor, _14ftRollUpDoor, _16ftRollUpDoor |
| Parking Spaces | 20 |
| Present Use | Business/Professional, Commercial, Food Service, Mini Storage, Mixed, Office, Retail |
| Utilities | Public Utilities |
Monterey Peninsula Home Team
KW Coastal Estates
License #: 01036716
Phone: (831) 601-3284
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Pacific Grove High School | public | 9-12 | 0.36 mi | 10 |
| Forest Grove Elementary School | public | K-5 | 0.49 mi | 6 |
| Pacific Grove Middle School | public | 6-8 | 0.55 mi | 9 |
| Community High (Continuation) School | public | 9-12 | 0.61 mi | N/A |
| Robert Down Elementary School | public | K-5 | 0.85 mi | 8 |
| Monterey High School | public | 9-12 | 1.32 mi | 8 |
| Monte Vista | public | K-8 | 1.35 mi | 6 |
| Pacific Grove Adult | public | UG | 1.49 mi | N/A |
| La Mesa Elementary School | public | K-8 | 3.00 mi | 7 |
| Carmel High School | public | 9-12 | 3.56 mi | 10 |
| Carmel River Elementary School | public | K-5 | 4.39 mi | 9 |
| Del Rey Woods Elementary School | public | K-6 | 4.52 mi | 7 |
| Carmel Middle School | public | 6-8 | 4.61 mi | 7 |
| Monterey Adult/Rop | public | UG | 4.67 mi | N/A |
| Seaside High School | public | 9-12 | 4.79 mi | 6 |
| Seaside Children's Center | public | UG | 4.82 mi | N/A |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 910 Major Sherman Ln | $2,500,000 | – | – | 5,896 | Active |
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This listing information is up-to-date as of March 27, 2026. For the most current information, please contact Monterey Peninsula Home Team, (831) 601-3284.