222 Grand Avenue, Pacific Grove
$1,300,000MLS® # ML81936056
Monterey Peninsul... KW Coastal Estates
176 Central Avenue, Pacific Grove
$1,095,000
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0 Bed
0 Bath
.16 Acre
0 Garage
Attention investors...Check out this amazing redevelopment opportunity in Pacific Grove near Cannery Row and the Monterey Aquarium. Formerly a church, this approximately 5400 square foot building on a 6755 square foot lot is located on one of the 3 main streets leading into Pacific Grove. The sellers acquired this property approximately 3 years ago and have spent nearly $500,000 in costs and fees to get the zoning changed to allow a motel to be built on the site. The plans for the motel and vestige retail commercial space consist of a newly to be constructed back wing/section of the building that would have 3 motel units possibly 4 depending upon the size of the rooms are part of the disclosure packet. This project is ideally located just steps away from the major hotel planned at the American Tin Cannery and would boast good views of the Monterey Bay. A buyer can purchase this property and move forward with the plans including water as approved, or consider other opportunities.
Essential Information
- MLS® #
- ML81942469
- Price
- $1,095,000
- Bathrooms
- 0.00
- Acres
- 0.16
- Year Built
- 1950
- Type
- Commercial Sale
- Status
- Active
Community Information
- Address
- 176 Central Avenue
- Area
- 699 - Not Defined
- City
- Pacific Grove
- County
- Monterey
- Zip Code
- 93950
- Senior Community
- N
Interior
- Heating
- Forced Air
- Cooling
- None
- # of Stories
- 2
Exterior
- Roof
- Composition
Additional Information
- Date Listed
- September 19th, 2023
- Days on Market
- 219
- Zoning
- VC
Listing Details
- Agent
- Monterey Peninsul...
- Office
- KW Coastal Estates
Property History
Price Reduced from $1,150,000 to $1,095,000
Status Changed from Active Under Contract to ActivePrice Reduced from $1,250,000 to $1,150,000
Status Changed from Active to Active Under Contract
Price Reduced from $1,389,000 to $1,250,000
LISTING MAP
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Listing Agent
Monterey Peninsul... - KW Coastal EstatesBased on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 8:16pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.