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Downtown Pacific Grove Live-Work Property 217 Grand Ave 875 SF 100% Leased Retail Building Pacific Grove, CA 93950 $995,000 ($1,137.14/SF)



Investment Highlights
- Centrally located on Grand Avenue near shops, restaurants, and services.
- Limited availability of small commercial properties in Pacific Grove.
- Downtown setting with strong local activity.
- Architectural drawings for propsed second story addition and rooftop deck.
Executive Summary
Mahoney & Associates is pleased to present for sale 217 Grand Ave, a unique live-work property, in downtown Pacific Grove, California. The property configuration allows either a live/work option or mixed-use. The commercial space fronting the street and property is currently vacant offerring options for a variety of uses including retail and office. The residential portion of the property is accessed via Gardner’s Alley between neighboring properties. Remodeled and updated in 2018, this property has been well maintained, with a recent history of long-term residential rentals. The property benefits from its location in downtown Pacific Grove with close proximity to retail establishments, restaurants, and the beach at Lover’s Point.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
875 SF
Building Class
C
Year Built
1886
Price
$995,000
Price Per SF
$1,137.14
Percent Leased
100%
Building Height
1 Story
Building FAR
0.94
Lot Size
0.02 AC
Zoning
C-D - Downtown Commercial
Frontage
16’ on Grand Avenue
Very walkable
80/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-283-018-000 | Improvements Assessment | $267,387 |
| Land Assessment | $284,453 | Total Assessment | $551,840 |
Property Taxes
Parcel Number
006-283-018-000
Land Assessment
$284,453
Improvements Assessment
$267,387
Total Assessment
$551,840
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Downtown Pacific Grove Live-Work Property | 217 Grand Ave
