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Pacific Grove, CA

Retail

Pacific Grove, CA Retail Space for Sale

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Monterey, CA Pebble Beach, CA Seaside, CA Sand City, CA Carmel, CA Marina, CA Carmel Valley, CA Carmel Highlands, CA

Mixed-Use Property with Retail and Flex

Updated: Jun 12

Mixed-Use Property with Retail and Flex

1157 Forest Avenue, Pacific Grove, CA 93950

$2,900,000

8,402 sqft

100% occupied mixed‑use building built in 1982
Diverse tenant mix includes retail, industrial‑flex suites, and residential units
Located on Pacific Grove’s Forest Hill commercial corridor along a major high‑traffic route connecting Highway 68 to Monterey, Pebble Beach, and Carmel
Future development potential for up to 23 ocean‑view apartment units, subject to approvals

This listing looks promising.

Here's a quick look at some key insights for

1157 Forest Avenue, Pacific Grove, CA 93950

View Property Analytics

Est. Cap Rate

4.2%
NOI ÷ price
Est. NOI

$122K
Annual
Mortgage

$225K
Jan 2022
Last Sold

Sep 2022
$650K
Property Type

Commercial Building, Mail Order, Show Room (Non-Auto)
Built 1982

View Property Analytics

Mixed-Use Building with Retail & Apartments

Updated: Jun 11

Mixed-Use Building with Retail & Apartments

1157 Forest AVE, Pacific Grove, CA 93950

$2,988,000

0.51 AC lot

8,402 SF mixed‑use building on a 22,651 SF lot, built in 1982
Currently occupied by nine tenants, including a pizzeria, professional service providers, a hair salon, and a window showroom
Includes two residential 1‑bedroom apartments
Located directly across from Trader Joe's; within a block of Safeway and Lucky
Approx. 17,663 vehicles per day daily traffic count

Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 2 Active listings in Pacific Grove, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Freestanding Retail Pad Site

Freestanding Retail Pad Site

1616 N Main St, Salinas, CA 93906

$3,900,000

5,000 sqft 1.07 AC lot

Vacant freestanding pad site with full signage opportunity, independent identity, and 71 parking spaces on 1.07 acres.

Two-Tenant Retail and Office Building

Two-Tenant Retail and Office Building

231 Main Street, Salinas, CA 93901

$2,200,000

7,452 sqft

Two-tenant downtown building with a large high-ceiling open space and office area on the second floor.

Corner Retail Building with Loading

Corner Retail Building with Loading

299 Lighthouse AVE, Monterey, CA 93940

$3,800,000

0.21 AC lot

Busy corner retail building on a major thoroughfare, currently improved for a furniture retailer with a side-street roll-up door.

Corner Retail Building with Loading Door

Corner Retail Building with Loading Door

299 Lighthouse Avenue, Monterey, CA 93940

$3,800,000

16,000 sqft

Almost 16,000 SF corner retail building on a major Monterey thoroughfare with a roll-up loading door on a side street.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

PUD-Zoned Commercial Land with Frontage

PUD-Zoned Commercial Land with Frontage

3229 State Road 207, Elkton, FL 32033

$1,599,000

2.07 AC lot

2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

Off-Market Properties in Pacific Grove, CA

Consider similar Off-Market properties in Pacific Grove, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

542 Lighthouse Ave Ste, Unit 107

RETAIL STORES (PERSONAL SERVICES)

542 Lighthouse Ave Ste, Pacific Grove, CA 93950-2777

Unit 107

Value Estimation by Request

1,255 sqft 0.03 AC lot

RETAIL STORES (PERSONAL SERVICES)

212 17th St, Pacific Grove, CA 93950-3325

Value Estimation by Request

974 sqft 0.04 AC lot

RETAIL STORES (PERSONAL SERVICES)

304 Grand Ave, Pacific Grove, CA 93950-3422

Value Estimation by Request

2,474 sqft 0.08 AC lot

542 Lighthouse Ave

RETAIL STORES (PERSONAL SERVICES)

542 Lighthouse Ave, Pacific Grove, CA 93950-2745

$5,805,000

Estimated value

40,342 sqft 1.36 AC lot

RETAIL STORES (PERSONAL SERVICES)

216 17th St, Pacific Grove, CA 93950-3325

Value Estimation by Request

855 sqft 0.04 AC lot

161 Fountain Ave

RETAIL STORES (PERSONAL SERVICES)

161 Fountain Ave, Pacific Grove, CA 93950-2737

$695,000

Estimated value

4,083 sqft 0.10 AC lot

RETAIL STORES (PERSONAL SERVICES)

226 Frst Ave, Pacific Grove, CA 93950

$1,245,000

Estimated value

10,695 sqft 0.26 AC lot

RETAIL STORES (PERSONAL SERVICES)

2184 Sunset Dr, Pacific Grove, CA 93950-3730

Value Estimation by Request

2,097 sqft 0.53 AC lot

Pacific Grove, CA Retail Space Market Trends and Statistics

Explore 10 retail space for sale in Pacific Grove, CA on our real estate platform. These investment opportunities span a total of 8,402 square feet of properties for sale, with an estimated market value of $2,900,000.

Sale prices for retail space in Pacific Grove, CA start at $2,900,000, averaging $2,900,000, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 15K

Population Growth (5Y) -3.8%

Median Household Income $105,568

College Educated 87.3%

High-Yield Neighborhoods for Investment

Identify Pacific Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
93950	$3M

Taxes & Financing

Tax Rate (average for all types) 1.10%

Property Tax per SF $9.94 per SF

Tax Rate vs County Average 0.06 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Monterey County

New Delisted

Total CRE Inventory on Market (SF)

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