1219 Forest AvePacific Grove, CA 93950

Property Details for 1219 Forest Ave

Year built

1976

Construction

TILT-UP CONCRETE

Lot size

0.70 AC

Property size (Sq ft)

10,903 SF

Property type

Community centers

APN

006-725-023-000

APU

6725023000

Description

This exceptional 1,360-square-foot retail space is ideally situated at 1219 Forest Avenue in Pacific Grove, California, within the bustling Forest Hill Plaza Shopping Center. Boasting a single-tenant occupancy, this property presents a unique opportunity for businesses seeking high visibility and accessibility. Located in Monterey County, with a 93950 zip code, the property benefits from its position along Forest Avenue, a major thoroughfare experiencing over 20,000 vehicles daily. The entire 1,360 square feet is currently vacant, providing immediate occupancy for a new tenant. This presents a blank canvas for a business to establish its presence in a vibrant commercial area. The property's classification is retail commercial, offering a versatile space suitable for a variety of retail uses. Its prime location within the Forest Hill Plaza Shopping Center ensures high foot traffic and exposure to a substantial customer base. The property's address is 1219 Forest Ave, Pacific Grove, CA. The geographic coordinates are latitude 36.6046255 and longitude -121.9198339. This is a single-tenant space, offering a streamlined and efficient layout for a business. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,625,910

  6.5%

  $3,347,000

  7%

  $3,107,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,162,590

  Geo Method

  $3,162,590

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,404,860

  Mixed-Use / Specialty

  $3,384,410

  Hospitality / Lodging

  $2,547,280

  Office

  $3,415,700

  Institutional / Educational

  $3,536,060

  Residential Income

  $4,137,190

  Multifamily

  $4,688,370

  Automotive / Energy

  $3,030,910

  Parking / Income-Based Land

  $997,178

  Restaurant / Food Service

  $1,865,570

  Healthcare / Senior Housing

  $3,420,050

Location Insight

City

Pacific Grove

County

Monterey

State

California

Latitude

36.6044

Longitude

-121.92

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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