Dolores & 7th - Storefront Retail/Office FOR SALE


Carmel, CA 93921
$5,750,000 USD
831-238-3592
Dolores & 7th, Carmel, CA for Sale
$5,750,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | Request Cap Rate

Dolores & 7th
Carmel, CA 93921


HIGHLIGHTS

  • Rare Opportunity to Buy Commercial Property on Best Block in Downtown Carmel-By-The-Sea
  • Planning Approval for Renovation of Interior

OVERVIEW

Mahoney & Associates is pleased to present to the market 6 SW of Ocean on Dolores St. (previously known as the China Art Center) in downtown Carmel-by-the-Sea. The iconic property is situated on, arguably, the most desirable block in downtown Carmel. The previously 6,566 SF building (including basement, ground floor and second floor), has undergone a complete interior demolition, with only the basement, ground floor, and small landing on second floor remaining. This demolition was part of a planning approved interior renovation, which also approved a roof top deck with elevator service. The plans also allow for an outdoor terrace and a 1,172 square foot second floor to be reinstated. This extremely well located property is currently vacant - offering an opportunity seldom seen in Carmel for an owner/ occupant or an investor to reposition the property. The property will be delivered vacant and in it’s “as-is”, “where-is”, condition upon close of escrow.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$977 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Comstock Commercial Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

CC

APN/PARCEL ID

010-147-006-000

ASK ABOUT THIS PROPERTY

Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

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Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.