USACAPacific Grove1157 Forest Ave
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1157 Forest Ave, Pacific Grove, CA

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,988,000

0020

MLS® ML82037573

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Days Active 3
Approx. Age 1982
MLS® Number ML82037573

Property Address: 1157 Forest Ave, Pacific Grove, CA, 93950-5144

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberML82037573
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1982
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 6, 2026List Date
$2,988,000List Price
  • Commute

Commute

Starting Address
Destination Address
1157 Forest Ave, Pacific Grove, CA

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