$6,500,000
$7,400,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
8,718 SqFt
SOLD DATE : 09/27/2024
Key Details
Sold Price $6,500,000
Property Type Commercial
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
HOA Y/N No
Year Built 1977
Lot Size 8,001 Sqft
Acres 0.1837
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 699 - Not Defined
Zoning RC
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Carport Spaces 3
Roof Type Flat
Total Parking Spaces 3
Building
Water Public
Schools
School District Carmel Unified
Others
Tax ID 010145021A
Financing Cash
Special Listing Condition Standard
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Bought with Alessia Ucelli • Monterey Coast Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner