$1,095,000
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176 Central Ave is a $1,095,000, 5,523 square foot home on a 0.16 acre lot located in Pacific Grove, CA.
Attention investors...Check out this amazing redevelopment opportunity in Pacific Grove near Cannery Row and the Monterey Aquarium. Formerly a church, this approximately 5400 square foot building on a 6755 square foot lot is located on one of the 3 main streets leading into Pacific Grove. The sellers acquired this property approximately 3 years ago and have spent nearly $500,000 in costs and fees to get the zoning changed to allow a motel to be built on the site. The plans for the motel and vestige retail commercial space consist of a newly to be constructed back wing/section of the building that would have 3 motel units possibly 4 depending upon the size of the rooms are part of the disclosure packet. This project is ideally located just steps away from the major hotel planned at the American Tin Cannery and would boast good views of the Monterey Bay. A buyer can purchase this property and move forward with the plans including water as approved, or consider other opportunities.
Basement | Concrete Slab Wood Frame |
Interior Features | No Security Features No Accessibility Features Facilities - Meeting Facilities Facilities - Restrooms - Private Facilities - Office Facilities - Restroom(s) Facilities - Conference/Meeting Room Facilities - Storage |
Cooling Types | No Cooling |
Heating Types | Forced Air |
Parking Types | On Street |
Exterior Features | Propane On Site Public Utilities Parking Restrictions In City Limits Meters - Master Electric Meters - Master Gas |
Roof | Composition |
Land Type | Vacant |
Water Source | Water Available at Street Private/Mutual Meters - Master Water |
Sewer | Sewer - Public |
Property Type | Hotel |
Property Sub Type | Commercial Property |
Architectural Style | Commercial/Industrial |
Year Built | 1950 |
Area | Central Ave/Downtown |
County | monterey |
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