0 Msn St 2Carmel-by-the-Sea, CA 93921

Property Details for 0 Msn St 2

Property size (Sq ft)

3,518 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a ground lease for purchase in the heart of Carmel-by-the-Sea, California. Located at Mission Street, just two blocks southwest of Ocean Street, this property boasts a prime location within the highly desirable downtown retail business district. The offering includes a 3,518 square foot retail building situated on an approximately 4,276 square foot lot (pro-rata estimate from a larger parcel). The building comprises three commercial units and one apartment, providing a diverse income stream. The ground lease has approximately 33 years remaining on its original 99-year term. The property is zoned CC - Central Commercial, ensuring flexibility for a variety of retail uses. This is a rare chance to acquire a well-established retail property in one of California's most iconic and sought-after destinations. The property benefits from excellent visibility and high foot traffic, contributing to a strong tenant mix. The asking price is $1,395,000. The APN is 010-141-010. The property is located in Monterey County, CA, zip code 93921. While the subject parcel's exact square footage is estimated at approximately 4,276 square feet, a survey is recommended for precise measurement. This is a unique opportunity to own a piece of Carmel's vibrant retail landscape.

Location Insight

City

Carmel-by-the-Sea

County

Monterey

State

California

Latitude

36.564

Longitude

-121.921

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