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Property profile & analytics
FOR LEASE
Community centers

1219 Forest Ave Pacific Grove, CA 93950

10,903 SF 0.7 ac lot Built 1976
Individually Owned 1-yr Hold Free & Clear
Property ID
US09-2894595
Property summary
AI-generated overview

This exceptional 1,360-square-foot retail space is ideally situated at 1219 Forest Avenue in Pacific Grove, California, within the bustling Forest Hill Plaza Shopping Center. Boasting a single-tenant occupancy, this property presents a unique opportunity for businesses seeking high visibility and accessibility. Located in Monterey County, with a 93950 zip code, the property benefits from its position along Forest Avenue, a major thoroughfare experiencing over 20,000 vehicles daily. The entire 1,360 square feet is currently vacant, providing immediate occupancy for a new tenant. This presents a blank canvas for a business to establish its presence in a vibrant commercial area. The property's classification is retail commercial, offering a versatile space suitable for a variety of retail uses. Its prime location within the Forest Hill Plaza Shopping Center ensures high foot traffic and exposure to a substantial customer base. The property's address is 1219 Forest Ave, Pacific Grove, CA. The geographic coordinates are latitude 36.6046255 and longitude -121.9198339. This is a single-tenant space, offering a streamlined and efficient layout for a business. The property is ready for immediate occupancy.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1976
Construction TILT-UP CONCRETE
Total area 10,903 SF
Lot 0.7 ac (30,500 SF)
APN 006-725-023-000
UPID US09-2894595
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Forest Hill Plaza Shopping Center P · 1 yrs held
Forest Hill Plaza Shopping Center P
since 2024
4 recorded transactions
2024
Price N/A
2024
$2.2M
2014
Price N/A
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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