SOLD 04/19/2024
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Commercial sold for $2,000,000 in 58 days
529 Central Pacific Grove, CA, 93950
Off the market Comm Ind For Sale
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).
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Property details
14,321 sqft interior area
Land area
11,376 sqft (0.26 acres)
Address
529 Central, Pacific Grove, CA, 93950
City of California
Pacific Grove
County
Monterey
Year Built
1984
District
Listing
Nearby major retailers
Costco
Trader Joe's
Whole Foods Market
Safeway
Wholesale: 1
Supermarket: 4
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Listed by
Patrick Stafford, Baird Partnership, Inc.
Name
Patrick Stafford
License number
01857243
Brokerage company
Baird Partnership, Inc.
MLS #
ML81955101
Buyer agent
Name
Patrick Stafford
Brokerage company
Baird Partnership, Inc.
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Calculate your monthly payments
Mortgage
$6,141
Taxes
$0
HOA dues
$0
Mortgage
$400,000 / 20%
2.28%
30 years
Your amount
$6,141 / month
Lot details
TMK #006174009
Parcel nr.
006174009
93950 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
—
no data
High school
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no data
Local airport
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no data
People living in 93950
34%
Families with children
National average: 39%
43%
Non family households
52,694
Population
$133,056
Average Income
Age & gender
Median age 46 years
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Commute types
77% commute by car
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Education level
27% have bachelor education
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Number of employees
11% work in education and healthcare
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Vehicles available
40% have 2 vehicle
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Vehicles by gender
40% have 2 vehicle
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Housing market insights for
$1.62m
Neighborhood average
sales price*
sales price*
$1.35m
Neighborhood median
sales price*
sales price*
140
Number
of sales*
of sales*
Housing type
56% are single detacheds
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Rooms
35% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
51% are owners
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13 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 19, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 19, 2024 | Sold | $2,000,000 | 0 | Public Record |
| Apr 19, 2024 | Price Decrease | $2,000,000 -25.93% | 0 | MLS #ML81955101 |
| Apr 13, 2024 | Under contract | $2,700,000 | 0 | MLS #ML81955101 |
| Mar 28, 2024 | Price Decrease | $2,700,000 -15.63% | 0 | MLS #ML81955101 |
| Feb 22, 2024 | New Listing | $3,200,000 | 0 | MLS #ML81955101 |
Taxes of 529 Central, Pacific Grove, CA, 93950
CD zoning / MLS #ML81955101
Zoning
CD
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Frequently Asked Questions about 529 Central
What is 529 Central?
529 Central is a Commercial/Industrial propertywith 14,321 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
529 Central, Pacific Grove, CA, 93950.
What comparable properties are nearby?
Comparable nearby commercial properties include 761-767 Lighthouse Ave, 482 Alvarado St, 486 Alvarado St, 499 Alvarado St, 660 Camino Aguajito, 805 Broadway Ave.
Based on information from the bridgeMLS as of 04-27-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 20, 2024
Verhouse Last checked 1 minute ago
The closest grocery stores are Grove Market, 0.18 miles away and Andronico's, 0.74 miles away.
The 93950 zip area has a population of 52,694, and 34% of the families have children. The median age is 46.32 years and 77% commute by car. The most popular housing type is "single detached" and 51% is owner.
