207 16th Street Pacific Grove, CA 93950

$2,195,000 9,045 sq. ft.

207 16th Street Pacific Grove, CA 93950

 
Great Mixed Use Residential Opportunity
Interior: 9,045 sq. ft. (approx.)
Web #: 0474352
MLS ID: 81548434

Never on the market before, is this three-story centrally located building in the heart of downtown Pacific Grove. An investor's dream, zoning approved for mixed residential use up to six units. Solid build and breathtaking ocean views from the third floor. Seller financing available. Close proximity to everything downtown.

Great facts about this building:

1. If the ground floor on the proposed building DOES NOT exceed 10,000 sq. ft, you do not have to go through the planning commission for approval. All that is needed, is an Administrative Work Permit that needs to be signed off by Mark at the City of Pacific Grove.

2. If the proposed project is for seven apartment units or less, this also does not require planning commission approval.

3. Parking; 1.3 parking spaces are required per residential dwelling. 6 x 1.3 = 7.8. We will round that up to 8 parking spaces.Mark said the question of future parking needs for 207 16th was addressed at a recent meeting. The green light was given for eight annual permitted parking spaces in the parking lot adjacent from Fandango for the new residents of 207 16th. This is an annual fee of around $250.00 per space.

Mark Brodeur is more than happy to sit down with any interested buyer/developer to go over all of this with them and discuss the support he is offering from the city.

 
Jessica Yates

m: (831) 233-1607
o: (831) 233-1607

agent-pic

CalBRE#:
01976715

Sam Piffero

m: (831) 236-5389
o: (831) 622-4884

agent-pic

CalBRE#:
690879

Aisha Krechuniak

o: (831) 595-9291

agent-pic

CalBRE#:
1186400

 
mes1448236800

Exterior Features

Type of Property
Commercial
This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. EQUAL HOUSING OPPORTUNITY