Dolores St Carmel, CA
- Industrial properties
- 5,886 SF
- 0.09 lot acres
Current Use by Public Records
- Industrial properties
Property Details for Dolores St
- Year built
- 1930
- Lot size
- 0.09 lot acres
- Property size
- 5,886 SF
- Property type
- Industrial properties
Description
This exceptional 5,886 square foot industrial property, situated on a desirable 0.09-acre lot on Dolores Street in the heart of Carmel-by-the-Sea, presents a unique redevelopment opportunity. Previously the China Art Center, the building has undergone a complete interior demolition, leaving only the basement, ground floor, and a small second-floor landing. This demolition was part of a city-approved renovation plan, which includes the addition of a rooftop deck complete with elevator access. The approved plans also allow for the construction of an outdoor terrace and the reinstatement of a 1,172 square foot second floor. The property's location is unparalleled, just six blocks southwest of the ocean, placing it on arguably the best block in downtown Carmel. Currently vacant, this property offers a rare chance for an owner-occupant or investor to create a truly exceptional space. The approved plans significantly reduce the risk and time associated with new construction, providing a streamlined path to realizing the property's full potential. The existing foundation and approved plans offer a solid base for a variety of uses, making this a highly attractive investment in a coveted location. The property is priced at $5,750,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carmel
- County
- Monterey
- State
- California
- Longitude
- -121.92
- Latitude
- 36.565
