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Listed by Tim Allen • Coldwell Banker Realty
$ 5,750,000
Est. payment | /mo
5,886 SqFt
$ 5,750,000
Est. payment | /mo
5,886 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,886 sqft
Price per Sqft $976
MLS Listing ID ML82057863
HOA Y/N No
Year Built 1930
Lot Size 3,839 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare MLSListings
Property Description
An extraordinary opportunity to reimagine an iconic commercial property in the heart of Carmel-by-the-Sea. Located on Dolores Street just six buildings southwest of Ocean Avenue, the former China Arts Center offers a remarkable setting for a music venue and recording studio, private club, art gallery, luxury showroom, creative headquarters, or other distinctive destination. Conceptual renderings illustrate the range of possibilities for the property and the scale of what could be created. Significant groundwork has already been completed, including comprehensive interior demolition, architectural planning, substantial permitting work, and a major PG&E electrical service upgrade currently underway. Planning-approved plans contemplate approximately 1,172 square feet of reinstated second-floor space, along with a proposed outdoor terrace, and a rooftop deck with elevator access. Currently vacant and ready for redevelopment, this is a rare opportunity to bring a bold new vision to one of Carmels most prominent downtown locations, subject to applicable approvals.
Location
State CA
County Monterey
Interior
Heating Forced Air
Fireplace No
Building
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745