525 Lighthouse Ave 13,471 SF Specialty Building Offered at $3,500,000 in Pacific Grove, CA 93950
INVESTMENT HIGHLIGHTS
- Four Screen Cinema
- One Residential Apartment Use
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present to the market the opportunity to purchase 525 Lighthouse Ave in downtown Pacific Grove. For over 35 years the property has been operated as a theater, the Lighthouse Cinema. The property consists of four screening theaters, a 3-bedroom one bath apartment, and a restroom/concession area. Adjacent to the rear of the theater property is an approximately 150 parking space parking lot owned by the City of Pacific Grove, there is no off-street parking associated with the subject property.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $3,500,000 |
| Price Per SF | $259.82 |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | Movie/Radio/TV Studio |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 13,471 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Zoning | C-D - Commercial Downtown |
1 of 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,772,076 (2024) | |
| Land Assessment | $905,765 (2024) | Total Assessment | $2,677,841 (2024) |
