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Key Details
Sold Price $6,500,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,718 sqft
Price per Sqft $745
MLS Listing ID ML81972268
Sold Date 09/27/24
Year Built 1977
Lot Size 8,000 Sqft
Property Description
Located two blocks from the world famous Ocean Avenue, this mixed-use property has recently undergone a large rennovation. A portion of the second floor has been converted to a 2-bedroom / 2.5-bath luxory residential unit. There are three commercial tenants currently in the building. The City of Carmel Planning office has approved 1-3 additional units for the vacant space in the rear of the building. The one vacant street-fronting retiail space has group 3 water credits. A condo map is possible for the commercial and residential units. Property includes 0.75 acre feet of water from the Malpaso Water Company. The Seller is interested in leasing-back the existing residential unit.
Location
State CA
County Monterey
Area Southwest Carmel
Zoning RC
Interior
Heating Forced Air
Cooling None
Exterior
Garage Off-Street Parking
Utilities Available Public Utilities
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 010-145-021-A
Security Features Other
Special Listing Condition Not Applicable
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Bought with Alessia Ucelli • Monterey Coast Realty
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