|Price/Rent PSF||$ 849,500.00|
Prime lot covers the corners of Pine Ave/Forest Ave and Grand Ave/Forest Ave. Only two (2) blocks to Lighthouse Ave and the downtown Pacific Grove corridor and just a few more to the beach. Located near numerous restaurants and services as well as the rest of the charm that Pacific Grove has to offer.
Wonderful opportunity for development! 4-parcels totaling 11,520sf zoned for mixed use. Property is located in the coveted C-D zoning district of the beautiful Pacific Grove. The C-D zoning district is "intended to provide a range of uses including retail, restaurants, services, entertainment, upper floor residential and other compatible uses which enhance the vitality and character of the city's historic commercial core." A smaller lot down the street was recently fully approved for 6-Retail & 8-Residential. This property already includes a water meter, electric meter & sewer. While designing your plans, the property is supplemented by rent from an award winning solar company (Applied Solar Energy) on a month-to-month lease in the office building on the property. The location holds two corner lots, is only a few short blocks from downtown Pacific Grove, is next to retail store and restaurants. Second floor residential units would enjoy beautiful ocean views to add value to any build.