1157 Forest Avenue, Pacific Grove, CA 93950
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1157 Forest Avenue, Pacific Grove, CA 93950
1157 Forest Avenue, Pacific Grove, CA 93950
1157 Forest Avenue, Pacific Grove, CA 93950
1157 Forest Avenue, Pacific Grove, CA 93950
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Garrick Yan

Garrick Yan

+1(510) 999-8008
Listed by KW Coastal Estates
$ 2,988,000
Est. payment /mo
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Active

1157 Forest Avenue Pacific Grove, CA 93950

8,402 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 8,402 sqft

Price per Sqft $355

MLS Listing ID ML82037512

HOA Y/N No

Year Built 1982

Lot Size 0.514 Acres

Property Sub-Type Comm Ind For Sale

Source Datashare MLSListings

Property Description

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.

Location

State CA

County Monterey

Interior

Flooring Concrete

Fireplace No

Bay East Association of Realtors
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Garrick Yan

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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