667 Lighthouse AvePacific Grove, CA 93950

Property Details for 667 Lighthouse Ave

Year built

1985

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

9,077 SF

Property type

Office properties

Property subtype

Office buildings

APN

006-291-001-000

APU

6291001000

Description

This exceptional 8,623 square foot office building, located at 667 Lighthouse Ave in Pacific Grove, CA 93950, offers a unique opportunity for businesses seeking premium space in a vibrant location. Built in 1985 and situated on a 0.13-acre lot, the property boasts light and bright executive office suites, ranging from a minimum of 222 square feet to a maximum contiguous space of 1,350 square feet. Currently, 3,012 square feet are available for lease, with the flexibility to combine or lease individual suites to meet diverse business needs. The building features convenient elevator and stair access, and ample nearby street parking. Each suite is thoughtfully designed with a built-out reception area, private offices, a supply room, and a conference room, providing a complete and functional workspace. Enjoy stunning views overlooking a lively section of Lighthouse Avenue, offering a dynamic and desirable business address in the heart of Pacific Grove. The property is conveniently located in Monterey County and is ideal for businesses seeking a prestigious and well-appointed office environment. Multiple tenancy options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,718,192

  6.5%

  $2,509,101

  7%

  $2,329,879

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,531,666

  Geo Method

  $2,531,666

• Alternative Use

  Use

  Valuation

  Residential

  $3,111,285

  Hospitality

  $2,849,920

  Educational

  $2,371,100

  Medical

  $2,452,646

  Retail

  $3,688,378

Location Insight

City

Pacific Grove

County

Monterey

State

California

Latitude

36.6219

Longitude

-121.92

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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