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Property profile & analytics
OFF-MARKET Estimated value $1,900,000
Banks

601 Lighthouse Ave Pacific Grove, CA 93950-2601

5,116 SF 0.31 ac lot Built 1960
Entity Owned 4-yr Hold Free & Clear
Property ID
US09-2660047
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1960
Construction TILT-UP CONCRETE
Total area 5,116 SF
Lot 0.31 ac (13,440 SF)
APN 006-294-015-000
UPID US09-2660047
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
$1.71M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.90M
Owner & transaction history
11461 Minerva LLC · 4 yrs held
11461 Minerva LLC
since 2022
Last sale
$2.1M
2 recorded transactions
2022
Price N/A
2022
$2.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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