319 Forest AVE

Estimated Monthly Payment: $3,872/mo 319 Forest AVE, Pacific Grove, CA 93950 MLS# ML81734031 Commercial/Industrial Listing Status: Active
550 sqft
13
2
0
0

REMARKS:

Wonderful opportunity for development! 4-parcels totaling 11,520sf zoned for mixed use. Property is located in the coveted C-D zoning district of the beautiful Pacific Grove. The C-D zoning district is "intended to provide a range of uses including retail, restaurants, services, entertainment, upper floor residential and other compatible uses which enhance the vitality and character of the city's historic commercial core." A smaller lot down the street was recently fully approved for 6-Retail & 8-Residential. This property already includes a water meter, electric meter & sewer. While designing your plans, the property is supplemented by rent from an award winning solar company (Applied Solar Energy) on a month-to-month lease in the office building on the property. The location holds two corner lots, is only a few short blocks from downtown Pacific Grove, is next to retail store and restaurants. Second floor residential units would enjoy beautiful ocean views to add value to any build.

OVERVIEW:

Commercial/Industrial
Active
Forest Ave/Pine Ave
1970
550
1100
0.26
Concrete Slab
Shingle
Guest / Visitor Parking, Parking Area, Other
Other
None
Individual Water Meter, Public
Sewer - Public
Master Electric, Master Water

FINANCIAL:

$849,000

NEIGHBORHOOD & SCHOOL INFORMATION:

  Courtesy of Jared Taubert, Kw Coastal Estates

 

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