29251 CA - 1 - Retail FOR SALE


Carmel, CA 93923
$6,000,000 USD
831-238-3592
29251 CA - 1, Carmel, CA for Sale
$6,000,000 USD
Retail - FOR SALE
1/22
null | Request Cap Rate

29251 CA - 1
Carmel, CA 93923


HIGHLIGHTS

  • Iconic Commercial Property in Heart of Famous Carmel Highlands
  • Gas Station and Convenience Store Business Included

OVERVIEW

Mahoney & Associates is pleased to present to the market for the first time in over 40 years the opportunity to purchase 29251 Highway 1 in Carmel. Once operated by the Carmel Highlands Inn Hotel, this iconic offering includes the well-established fuel and general store business, as well as the meticulously maintained garden/parking area and gallery building. The property has has been the backdrop for countless advertisements and has hosted weddings, parties, car clubs. Most famously this property was the inspiration and venue for the original Casa Ferrari events in 2015 and 2016. With over 250 feet of frontage on Highway 1 in the heart of the Carmel Highlands, the property benefits from the approximately 40,000 vehicles per day that drive by. The buildings on the property, the stamped concrete hardscape areas, and the garden grounds reflect the meticulous care and stewardship, making the property as visually inviting as it is functional. This rare offering presents an exceptional opportunity to own a piece of California’s coastal heritage in one of the most picturesque locations in the world.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$3,507 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Carmel Highlands General Store

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Service Station, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,483 SF

ZONING

VSC-D (CZ)

APN/PARCEL ID

241-073-001-000

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.