601 Lighthouse Ave Pacific Grove, CA 93950-2601
- Banks
- 5,116 SF
- 0.31 lot acres
Current Use by Public Records
- Banks
Property Details for 601 Lighthouse Ave
- Year built
- 1960
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.31 lot acres
- Property size
- 5,116 SF
- Property type
- Banks
- APN
- 006-294-015-000
- APU
- 6294015000
Description
This exceptional 6,000 square foot retail space presents a singular opportunity on Pacific Grove's coveted Lighthouse Avenue. For the first time in sixty years, this meticulously constructed former bank building is available for lease. Boasting a highly visible corner location, the property features a rare and convenient on-site parking lot with 13-16 spaces, a significant advantage in this desirable area. The building's robust design includes a minimum 14-foot ceiling height, a vintage vault door, and a flexible indoor/outdoor design, allowing for a variety of uses. The ample space is ideal for a single flagship tenant or a multi-tenant configuration. Excellent signage opportunities further enhance its visibility. Located just three blocks from the Pacific coastline and Lovers Point, this property offers unparalleled access to the vibrant Pacific Grove community and its many amenities. This is a unique chance to establish a presence on one of Pacific Grove's most trafficked streets. The building's architectural details and prime location combine to create an exceptional opportunity for a discerning business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,195,000
- 6.5%
- $2,225,000
- 7%
- $1,930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,145,000
- Geo Method
- $1,680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,100,000
- Retail
- $2,180,000
- Mixed-Use
- $1,605,000
- Hospitality
- $2,065,000
- Educational
- $2,195,000
- Residential Income
- $1,655,000
- Energy
- $2,005,000
- Income-Based Land
- $1,865,000
- Food Service
- $1,700,000
Location Insight
- Map
- Local Demand
- City
- Pacific Grove
- County
- Monterey
- State
- California
- Longitude
- -121.919
- Latitude
- 36.6212
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
