Comstock Commercial Building Dolores & 7th

5,886 SF Retail Building Carmel, CA 93921 $5,750,000 ($977/SF)

Investment Highlights

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

Executive Summary

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.

Attachments

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Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,886 SF
Building Class
C
Year Built
1930
Price
$5,750,000
Price Per SF
$977
Tenancy
Single
Building Height
3 Stories
Building FAR
1.50
Lot Size
0.09 AC
Zoning
CC
Walk Score®
Walker's Paradise (93)

Nearby Major Retailers

Chase Bank
Pure Barre
Wells Fargo
U.S. Bank
Erik's DeliCafe'
Fremont Bank
Anytime Fitness
Lucky

PROPERTY TAXES

  • Listing ID: 33828839

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: Dolores & 7th, Carmel, CA 93921