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

Retail properties

Property subtype

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%

  $4,799,558

  6.5%

  $4,430,361

  7%

  $4,113,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,663,208

  Geo Method

  $7,663,208

• Alternative Use

  Use

  Valuation

  Residential

  $3,737,175

  Hospitality

  $3,423,232

  Educational

  $2,848,089

  Medical

  $2,946,039

  Retail

  $4,430,361

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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