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    Msn St 2 Carmel-by-the-Sea, CA 93921

    For Sale
    $1,395,000

    Prime Carmel location, 3,518 sq ft retail space.

    Property size:
    3,518 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a ground lease for purchase in the heart of Carmel-by-the-Sea, California. Located at Mission Street, just two blocks southwest of Ocean Street, this property boasts a prime location within the highly desirable downtown retail business district. The offering includes a 3,518 square foot retail building situated on an approximately 4,276 square foot lot (pro-rata estimate from a larger parcel). The building comprises three commercial units and one apartment, providing a diverse income stream. The ground lease has approximately 33 years remaining on its original 99-year term. The property is zoned CC - Central Commercial, ensuring flexibility for a variety of retail uses. This is a rare chance to acquire a well-established retail property in one of California's most iconic and sought-after destinations. The property benefits from excellent visibility and high foot traffic, contributing to a strong tenant mix. The asking price is $1,395,000. The APN is 010-141-010. The property is located in Monterey County, CA, zip code 93921. While the subject parcel's exact square footage is estimated at approximately 4,276 square feet, a survey is recommended for precise measurement. This is a unique opportunity to own a piece of Carmel's vibrant retail landscape.

    Property Features for 0 Msn St 2

    General Information

    Property type
    Retail properties
    Square Feet
    3,518 SF

    HighLights

    • Ground Lease Opportunity in Downtown Carmel
    • Prime Carmel‑by‑the‑Sea Retail Location
    • Desirable Downtown Carmel Retail District
    • High Visibility & Traffic Counts
    • Strong Tenant Mix
    Property Profile Location Intelligence

    Current Use by Public Records

    Residence Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel-by-the-Sea
    County
    Monterey
    State
    California
    Longitude
    -121.9211871
    Latitude
    36.563967

    Nearby Comparable

    • $1,050,000
      3,518 SF

      Carmel Retail Ground Lease Opportunity

      Ground lease with improvements in downtown Carmel, California.
      Mission St, Carmel, CA 93923
      View Details
    • $1,050,000

      Carmel Retail Ground Lease Opportunity

      Ground lease with improvements for sale in downtown Carmel.
      Mission St, Carmel, CA 93923
      View Details
    • $750,000

      Carmel Land For Sale

      Land available in Carmel, California.
      3528 Lazarro Dr, Carmel, CA 93923
      View Details
    • $6,700,000
      33,966 SF

      Carmel Rancho Office Building

      33,966 SF office building in Carmel Rancho Commercial District.
      3785 Via Nona Marie, Carmel, CA 93923
      View Details
    • $1,995,000

      Monterey Triplex with Income Potential

      Triplex in Monterey featuring a main house and duplex.
      32 Via Ventura, Monterey, CA 93940
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Carmel location, 3,518 sq ft retail space.
    Where is this retail property located?
    The property is located at Msn St 2 Carmel-by-the-Sea, CA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Ground Lease Opportunity in Downtown Carmel; Prime Carmel-by-the-Sea Retail Location; Desirable Downtown Carmel Retail District
    (831) 646-1919
    Request Owner's contact information
    Msn St 2 Carmel-by-the-Sea, CA 93921
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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
    Msn St 2 Carmel-by-the-Sea, CA 93921
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