176 Central Avenue, Pacific Grove
Pacific Grove Home Sale
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.
Property Details
Additional Information
-
- City:
- Pacific Grove
-
- County:
- Monterey
-
- Zip:
- 93950
-
- MLS® #:
- ML81942469
-
- Lot Size:
- 0.16
-
- HOA Dues:
- $
Price Change History for 176 Central Avenue, Pacific Grove, (MLS® #ML81942469)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Pending | – | – | |
| Active Under Contract | – | – | |
| Price Reduced | $1,095,000 | $55,000 (4.78%) | |
| Active | – | – | |
| Show More (3) | |||
| Price Reduced | $1,150,000 | $100,000 (8.00%) | |
| Active Under Contract (from Active) | – | – | |
| Price Reduced (from $1,389,000) | $1,250,000 | $139,000 (10.01%) | |
Based on information from California Regional Multiple Listing Service, Inc. as of July 24th, 2024 at 3:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.