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Carmel Highlands General Store 29251 CA - 1 3,030 SF 100% Leased Retail Building Carmel, CA 93923 $6,000,000 ($1,980.20/SF)
INVESTMENT HIGHLIGHTS
- Iconic Commercial Property in Heart of Famous Carmel Highlands
- Gas Station and Convenience Store Business Included
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present to the market for the first time in over 40 years the opportunity to purchase 29251 Highway 1 in Carmel. Once operated by the Carmel Highlands Inn Hotel, this iconic offering includes the well-established fuel and general store business, as well as the meticulously maintained garden/parking area and gallery building. The property has has been the backdrop for countless advertisements and has hosted weddings, parties, car clubs. Most famously this property was the inspiration and venue for the original Casa Ferrari events in 2015 and 2016. With over 250 feet of frontage on Highway 1 in the heart of the Carmel Highlands, the property benefits from the approximately 40,000 vehicles per day that drive by. The buildings on the property, the stamped concrete hardscape areas, and the garden grounds reflect the meticulous care and stewardship, making the property as visually inviting as it is functional. This rare offering presents an exceptional opportunity to own a piece of California’s coastal heritage in one of the most picturesque locations in the world.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,030 SF
Building Class
C
Year Built/Renovated
1937/1996
Price
$6,000,000
Price Per SF
$1,980.20
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.81 AC
Zoning
VSC-D (CZ) - http://www2.co.monterey.ca.us/planning/docs/ordinances/Title20/20.22%20VSC%20Dist.htm
Parking
14 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
112’ on California 1
PROPERTY TAXES
| Parcel Number | 241-073-001-000 | Improvements Assessment | $826,214 |
| Land Assessment | $406,237 | Total Assessment | $1,232,451 |
PROPERTY TAXES
Parcel Number
241-073-001-000
Land Assessment
$406,237
Improvements Assessment
$826,214
Total Assessment
$1,232,451
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Carmel Highlands General Store | 29251 CA - 1
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