1112 Palmetto AVE, Pacifica, CA 94044
- $25,000
Listed by Datta Khalsa, 831-818-0181 from Main Street Realtors
(If provided) CoList: from
Sold listing courtesy of Robert Saberi from SKHM01
- Sold Price
- $25,000
- List Price
- $99,000
- Closing Date
- Aug 11, 2023
- MLS#
- ML81934364
- Status
- SOLD
- Lot Size
- 36,460
- Listing Area
- West Sharp Park
- Year Built
- 1950
Property Description
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.
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Additional Information
- Acres
- 0.84
- Age
- 73
- Cooling System
- None
- Days On Market
- Unknown
- Floor Covering
- Hardwood
- Foundation
- Concrete Perimeter
- Garage Parking
- Carport, Common Parking Area, Covered Parking, Detached Garage, Off-Street Parking
- Heating System
- Electric
- Lot Size
- 36,460
- Neighborhood
- West Sharp Park
- Other Utilities
- Public Utilities
- Present Use
- Residential
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Zoning
- C30000
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