Pacific Grove CA Real Estate & Commercial for Sale

Once-in-a-Generation Trophy Coastal Asset An extraordinary opportunity to acquire one of California's most unique and historically significant coastal properties. Situated on approximately 4.28 acres overlooking the Pacific Ocean at 1352 Lighthouse Avenue, Pacific Grove, this landmark property was formerly occupied by the National Oceanic and Atmospheric Administration (NOAA) and is surrounded by some of the Monterey Peninsula's most iconic destinations. Properties of this scale, historical significance, and irreplaceable oceanfront location rarely become available. This is a true legacy trophy property, ideally suited for high-net-worth individuals, family offices, foundations, educational institutions, research organizations, and mission-driven investors seeking ownership of an iconic California coastal asset. Pursuant to the recorded deed and the City of Pacific Grove's Local Coastal Program, future use of the property is subject to coastal regulations and applicable governmental approvals. Buyers are encouraged to conduct their own independent investigations regarding zoning, permitted uses, development potential, historical resources, environmental regulations, and Coastal Commission requirements.

Ideally located on a corner lot in the heart of Pacific Grove, this unique multi-family investment property has 6 units and 5 garages. There are two 1 bedroom 1 bath units and 4 studios spanning 3026 square feet of high-yield income potential. The garages provide 727 additional square feet of storage. Newer dual pane windows throughout. Recent exterior painting. Units surround a shared inner courtyard for entertaining. Just a short distance from schools, shopping, restaurants, beaches and all the charming character that Butterflytown USA has to offer. Coveted Pacific Grove school district. Don't miss this rare opportunity to add a key asset to your investment portfolio.

1157 Forest Avenue presents a rare mixed-use investment opportunity in one of the Monterey Peninsula's most desirable commercial corridors. Located directly across from Trader Joe's and within a block of Safeway and Lucky, the property benefits from exceptional visibility and daily traffic counts of approximately 17,663 vehicles. The 8,402 square-foot building sits on a large 22,651 square-foot lot and is currently home to nine tenants, including a popular pizzeria, professional service providers, a hair salon, a window showroom, and two residential one-bedroom apartments. Beyond its current income, the property offers significant upside and redevelopment potential. Under the city's updated zoning framework designed to encourage higher-density housing, the site may support redevelopment of up to 24 market-rate residential units (buyer to verify). Additional income potential exists through tenant improvements or changes in use if a cannabis retail license is secured, or if portions of the warehouse space are converted to additional residential units. This combination of stable existing income, exceptional location, and long-term development potential makes 1157 Forest Avenue a uniquely compelling investment opportunity in Pacific Grove.

1157 Forest Avenue presents a rare mixed-use investment opportunity in one of the Monterey Peninsula's most desirable commercial corridors. Located directly across from Trader Joe's and within a block of Safeway and Lucky, the property benefits from exceptional visibility and daily traffic counts of approximately 17,663 vehicles. The 8,402 square-foot building sits on a large 22,651 square-foot lot and is currently home to nine tenants, including a popular pizzeria, professional service providers, a hair salon, a window showroom, and two residential one-bedroom apartments. Beyond its current income, the property offers significant upside and redevelopment potential. Under the city's updated zoning framework designed to encourage higher-density housing, the site may support redevelopment of up to 24 market-rate residential units (buyer to verify). Additional income potential exists through tenant improvements or changes in use if a cannabis retail license is secured, or if portions of the warehouse space are converted to additional residential units. This combination of stable existing income, exceptional location, and long-term development potential makes 1157 Forest Avenue a uniquely compelling investment opportunity in Pacific Grove.