119 Dewey St 4,040 SF 100% Leased Retail Building Pacific Grove, CA 93950 $1,100,000 ($272.28/SF)

119 Dewey Street Pacific Grove
Corner Canvas, A Block and a Half From the Ocean

A hard corner this close to the water rarely surfaces in Pacific Grove. At Dewey and Sloat approximately 8,487 square feet with dual street frontage this parcel sits a block and a half from the ocean, steps from Ocean View Boulevard, the Recreation Trail, Cannery Row and the Monterey Bay Aquarium. Walk Score: 89.

The value here is in the dirt. A large, approximately 4,040 square foot Quonset hut structure circa 1948 offers various rooms, upper storage, and plenty of space to store and work on cars, operating today as an auto repair garage that generates holding income while a buyer pursues entitlements. Attention Car Week enthusiasts: instant storage for 12 or more vehicles, or create your own "car condo" garage that pays for itself while your architect draws.

Consider it a placeholder: a corner lot awaiting a well-designed new project in one of the Peninsula's most protected coastal enclaves. Family-held since 1969.

No representation is made regarding permitted uses, density or variances; buyer to investigate with the City of Pacific Grove.
Please do not disturb tenant or investigate property without appointment. Listing agent must be present. Auto Mechanic has operated in building for 30 years. Rent is far below market value. Metal roof has holes in various spots and would need repairs to address leaks. Ceiling height, area-specific square footage, and number of car spaces are estimates only. Buyer to do due diligence. Property is zoned C2 (Heavy Commercial), which appears to allow limited residential, but buyer to do due diligence with the City of Pacific Grove. A 206-room luxury hotel project at the former American Tin Cannery site across Sloat Ave from the subject lot has been approved by the City of Pacific Grove and the Coastal Commission.