1112 Palmetto Avenue, Pacifica, CA 94044
Commercial property · 2 recorded sales since 2014
Sold August 2023
Listing Agent: Datta Khalsa (DRE #01161050) · Listing Office: Main Street Realtors · Contact: 831-462-4000 · Bought with: Robert Saberi · MLS #ML81934364 · Source: CRMLS
About this commercial property
Unique oceanfront house with commercial zoning, tucked behind a high gate. Red Tagged due to 35' of bluff loss in 2016 with estimated costs of required remediation exceeding $2.5 Million before property can be re-occupied, and city is requiring commercial use due to non-conforming residential use going dormant. Due to economies of scale, would ideally be purchased with the adjacent 25,000 SF commercial food production facility at 1080 Palmetto, listed separately for $3.5 Million. The house could be repurposed as a restaurant or tasting room featuring goods produced at the food production facility. Others may choose to tear down for complete redevelopment as hotel or resort if purchased with the bluff-front listings at1050 and 1070 Palmetto, also currently on the market for $1.35M and $1.5M, for combined total 2+/- acres bluff-front opportunity. Zoning may allow for redevelopment as mixed-use commercial with residential, visitor services, restaurant, automotive, and/or hospitality.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history