CA
Monterey
PACIFIC GROVE
93950
1157 Forest Avenue
1157 Forest Avenue, PACIFIC GROVE, CA 93950
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Listing Type
Commercial/Industrial
Listing Status
Active
17
$2,988,000

Home Details for 1157 Forest Avenue

Price
$2,988,000
Type
Commercial Sale
Square feet
3259
Year built
1982
County
Monterey
Garage
5
MLS Listing#
ML82037512
Listed By: KW Coastal Estates - 831-622-6200
Listed By: Monterey Peninsula Home Team
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.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
    • Central
  • Cooling Information
    • Central Air
    • Gas
  • Parking
    • Off Street
    • Common
  • House Interior
    • High Ceilings
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-03-27 19:26:05
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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