1157 Forest Avenue, Pacific Grove, CA 93950

Building Details

Year Built

1982

Listing agent Anthony Davi License #01527814

Listing office A.G. Davi Property Management

Listing date Jun 12, 2026

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of A.G. Davi Property Management

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Overview

1157 Forest Avenue is a fully leased mixed-use property featuring a diverse tenant mix that includes retail space, industrial-flex suites, and residential units. The asset is presented as 100% occupied, providing in-place income across multiple commercial and residential uses. In addition to the current configuration, the property is described as offering future development potential for up to 23 apartment units, subject to approvals.

The property is located along the Forest Hill commercial corridor in Pacific Grove. Public remarks indicate the corridor connects Highway 68 to Monterey, Pebble Beach, and Carmel, positioning the building within an area intended to capture consistent daytime and visitor activity.

For buyers or operators seeking a multi-use holding, this structure offers a blend of retail, flexible industrial-oriented space, and residential tenancy within a single address. The combination of existing diversified occupancy and the stated potential to add residential units, subject to approvals, may appeal to investors looking for operational variety while exploring options for long-term redevelopment.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Pacific Grove

County

Monterey

State

California

Longitude

-121.9209688

Latitude

36.6057325

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FAQs

What type of property is this?

Mixed-use property - 100% occupied building combining retail, industrial-flex suites, and residential units along a major corridor.

Where is this mixed-use property located?

The property is located at 1157 Forest Avenue Pacific Grove, CA.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: 100% occupied mixed‑use building built in 1982; Diverse tenant mix includes retail, industrial‑flex suites, and residential units; Located on Pacific Grove’s Forest Hill commercial corridor along a major high‑traffic route connecting Highway 68 to Monterey, Pebble Beach, and Carmel