Mixed-Use Investment
PACIFIC GROVE, Pacific Grove 93950
COMMERCIAL - PACIFIC GROVE
Property size:
8,402 SFLot size:
0.51 AcresPrice / SF:
$355/SF- Added:
- Mar 27, 2026
- Days on Market:
- 56
- Last Refresh:
- May 21 at 5:06 pm
Property Features for PACIFIC GROVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Parking
- 20
- Parking features
- Off Street
- Security features
- Security Alarm
- Interior features
- Floor Drain, High Ceiling
- Standard status
- Active
- Size
- 8,402 SF
- Lot size
- 0.51 Acres
Utilities
- Heating system
- Natural Gas, Central, Forced Air
- Cooling system
- Gas (Cooling), Central Air
- Water source
- Private
Building Details
- Year built
- 1982
- Flooring type
- Concrete, Carpet
- Roof type
- Tar/Gravel
Listing agent Monterey Peninsula Home Team License #70000352 (831) 601-3284
Listing office KW Coastal Estates 26135 Carmel Rancho Blvd Ste F 200, Carmel, CA (831) 622-6200
Listing date Mar 27, 2026
MLS# ML82037512
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Exceptional location directly across from Trader Joe's and near Safeway and Lucky, ensuring high visibility and traffic.
- Significant redevelopment potential with zoning allowing for up to 24 market‑rate residential units (buyer to verify).
- Stable existing income from nine tenants, including a pizzeria, service providers, and residential apartments.
- Large 22,651 square‑foot lot with an 8,402 square‑foot building.
- Additional income potential through tenant improvements, cannabis retail license (if secured), or conversion of warehouse space to residential units.
- High daily traffic count of approximately 17,663 vehicles.
Overview
Located on Forest Avenue in Pacific Grove, this mixed-use property presents an investment opportunity in a desirable commercial area. The 8,402 square-foot building is situated on a 22,651 square-foot lot, directly across from Trader Joe's and near Safeway and Lucky. The location benefits from high visibility and daily traffic. The property currently houses nine tenants, including a pizzeria, professional service providers, a hair salon, a window showroom, and two one-bedroom apartments. The property offers redevelopment potential, with the possibility of constructing up to 24 market-rate residential units under the city's updated zoning framework. Additional income potential may be realized through tenant improvements, changes in use with a cannabis retail license, or conversion of warehouse space into additional residential units. The property is located in a commercial zone.
Location Intelligence
Current Use by Public Records
Mixed-use properties
Map
- City
- Pacific Grove
- County
- Monterey
- State
- Longitude
- -121.931037
- Latitude
- 36.618794
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with redevelopment potential in a desirable location.
Where is this mixed-use property located?
The property is located at PACIFIC GROVE Pacific Grove.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: Exceptional location directly across from Trader Joe's and near Safeway and Lucky, ensuring high visibility and traffic.; Significant redevelopment potential with zoning allowing for up to 24 market‑rate residential units (buyer to verify).; Stable existing income from nine tenants, including a pizzeria, service providers, and residential apartments.
