SOLD
$25,000
Date 08/11/2023

1112 Palmetto Avenue
Pacifica, CA 94044

Business Opportunities
Residence
1,170
Sqft
0.837
Lot Size
Listing Agent: Datta Khalsa CalDRE: 01161050 - Main Street Realtors
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.
ML81934364
Business Opportunities, 2 Story
San Mateo
1950
0.837 Acres
Public
2
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Listing Agent: Datta Khalsa CalDRE: 01161050 - Main Street Realtors
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