227 Grand Ave
Pacific Grove, CA 93950
Fountain Mall · Office Property For Sale

DESCRIPTION Mahoney & Associates is pleased to present to the market the recently renovated Fountain Mall at 227 Grand Ave. / 230 Fountain Ave. in Pacific Grove, CA. Included in the offering is, both the real estate and land. The move-in ready street-to-street +/-7,942 SF building sits on a +/-8,270 SF lot, located in the heart of downtown Pacific Grove. This single-story building includes 12 office suites, two restrooms, and common area. The subject is located 1 block east of Forest Avenue with access from Highway 68 and Highway 1. The subject property is perfectly suited for an owner/user or investor buyer. ASSET HIGHLIGHTS Recently renovated and within the vibrant Pacific Grove commercial district Strong rental demand for office suites Seller has intentionally left a number of suites vacant for possible owner/user buyer Zoning of C-D (Downtown Commercial) allows for a large range of uses In close proximity to the Holman Building residential conversion project LOCATION OVERVIEW Located in beautiful downtown Pacific Grove, California. Known as “America’s Last Hometown,” Pacific Grove is located right on the water with spectacular ocean views. 227 Grand Avenue is two blocks away from the ocean in the heart of Pacific Grove’s downtown district and zoned C-D (Downtown Commercial). Monterey Bay is a scenic California coastal community known for its historic sites making it a quality residential community and premier tourist destination. Monterey Bay's tourist-based economy continues to attract hundreds of thousands of visitors every year. The Monterey Peninsula is one of Central California’s most protected areas and poses major barriers to entry for new development due to water constraints and a very stringent California Coastal Commission. The area is highly regarded for high quality of living due to its naturally preserved environment, world class golf courses, and miles of scenic coastline.