Land•Other•For Sale

Pacific Grove Mixed-Use

319 Forest Ave, Pacific Grove, California 93950

Sale Price $849,500
Sale Type Development
Zoning C-D
Land Area .26 Acres
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. Prime lot covers the corners of Pine Ave/Forest Ave and Grand Ave/Forest Ave. Only two (2) blocks to Lighthouse Ave and the downtown Pacific Grove corridor and just a few more to the beach. Located near numerous restaurants and services as well as the rest of the charm that Pacific Grove has to offer.
  • • Encompasses TWO street corners.
  • • C-D zoning provides multiple buildout opportunities.
  • • Water meter on-site
  • • Electric meter on-site
  • • Office building with long-term, award winning tenant
  • • Month-to-Month lease to provide flexibility
  • • Located in the heart of the historic Pacific Grove, CA
1/4/2019 12:35:50 PM 3/24/2019 8:43:27 PM
Jared Taubert
KW Coastal Estates


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