Sold

529 Central

PACIFIC GROVE CA, 93950

$2,000,000


$139.66 per sqft

Sold

14,321 sqft

Commercial

Built in 1984

Listed by Baird Partnership, Inc., Patrick Stafford, Listing Contact: 8312383592

Located directly across the street from the 101 guest room Kimpton Hotel development and one block from the ocean, 529 Central is a two-story +- 14,321 SF commercial building. There is currently only one tenant in the building, occupying approximately 2,510 sf on the ground floor. The remainder of the building is vacant and in primarily shell condition, due to fire damage in the building. The property benefits from ocean views on the second floor and historical group 2 water credits that could be used for a coffee shop, deli, or commercial kitchen use. There are plans by RRM Design Group out of San Luis Obispo for a 6-unit residential partial conversion (two units in a portion of the ground floor, and four units on the entirety of the second floor).

ML81955101

MLS ID

April 13, 2024

Listed

April 20, 2024

Updated

Map

529 Central
PACIFIC GROVE CA, 93950

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.26 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Central Ave/Downtown


Garage

No


Parking

Off Street


View

No


County

Monterey


Water Source

Public


Pool

No


Zoning

CD


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/19/2024

Sold

$2,000,000

4/13/2024

Under Contract

3/28/2024

Price Change

$2,700,000

-16%

Listed by Baird Partnership, Inc., Patrick Stafford,
Listing Contact: 8312383592 

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Data last updated 9:06 AM UTC, 4/20/2024

 

 

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