Located two blocks from the world famous Ocean Avenue, this mixed-use property has recently undergone a large rennovation. A portion of the second floor has been converted to a 2-bedroom / 2.5-bath luxory residential unit. There are three commercial tenants currently in the building. The City of Carmel Planning office has approved 1-3 additional units for the vacant space in the rear of the building. The one vacant street-fronting retiail space has group 3 water credits. A condo map is possible for the commercial and residential units. Property includes 0.75 acre feet of water from the Malpaso Water Company. The Seller is interested in leasing-back the existing residential unit.
MLS# | ML81970870 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Pending |
Year | 1977 |
Days On Site | 82 |
Listing Provided By | Baird Partnership, Inc. 831-646-1919 | Patrick Stafford |
SQ Feet | 8,718 |
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Story(s) | 2 |
Zoning | RC |
Acreage | 0.09 |
State | CA |
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County | Monterey |
City | Carmel |
Zip Code | 93921 |
Area | 699 Not Defined |
Listing VS Median (in 93921) | |
Price: $7,400,000 low | high Med: $7,400,000 SqFt: 8,718 low | high Med: 8,718 $ / SqFt: $849 low | high Med: $849 On Site: 82 low | high Med: 82.000000 |