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    29251 Highway 1 Carmel, CA 93923

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    For Sale
    $6,000,000

    Established fuel and general store business with gallery building.

    Property size:
    3,030 SF
    Lot size:
    0.56 Acres

    Property Features for 29251 Highway 1

    General Information

    Size
    3,030 SF
    Lot size
    0.56 Acres

    Source: Mahoney & Associates Commercial Real Estate Agent Patrick Stafford

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Highway 1 Retail Opportunity

    This offering includes a well-established fuel and general store business, as well as a gallery building and a meticulously maintained garden/parking area. The property features over 250 feet of frontage on Highway 1 in the heart of the Carmel Highlands, benefiting from approximately 40,000 vehicles per day. The buildings, stamped concrete hardscape areas, and garden grounds reflect meticulous care and stewardship, making the property visually inviting and functional. The property size is 3030 square feet. This property was once operated by the Carmel Highlands Inn Hotel. This presents an exceptional opportunity to own a piece of California’s coastal heritage.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Hotel & Motel Department Store Grocery Store Bar & Pub Garden Center Convenience Store Bed & Breakfast Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Monterey
    State
    California
    Longitude
    -121.936283
    Latitude
    36.5052045

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    FAQs

    What type of property is this?
    Grocery and convenience store - Established fuel and general store business with gallery building.
    Where is this grocery and convenience store located?
    The property is located at 29251 Highway 1 Carmel, CA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - Established fuel and general store business included.; - Prime Highway 1 frontage with **high traffic volume (approximately 40,000 vehicles per day).**; - Meticulously maintained buildings, hardscape, and garden grounds.
    (831) 238-3592
    Request Owner's contact information
    29251 Highway 1 Carmel, CA 93923
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    Carmel, CA 93923
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29251 Highway 1 Carmel, CA 93923
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