$2,000,000
$2,700,000
25.9%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 04/19/2024
Key Details
Sold Price $2,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81955101
Sold Date 04/19/24
HOA Y/N No
Year Built 1984
Lot Size 0.261 Acres
Property Description
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).
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning CD
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Roof Type Flat
Present Use Commercial
Building
Story 2
Water Public
Others
Tax ID 006174009
Financing Cash
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Bought with Patrick Stafford • Baird Partnership, Inc.
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Broker Associate | Lic# 01905244