San Carlos 2 NW of 8th

Located two blocks from the world famous
Ocean Avenue, this mixed-use property has recently undergone a large
rennovation. A portion of the second floor has been converted
to a 2-bedroom / 2.5-bath luxory residential unit. There are three
commercial tenants currently in the building. The City of Carmel
Planning office has approved 1-3 additional units for the vacant
space in the rear of the building. The one vacant street-fronting
retiail space has group 3 water credits. A condo map is possible
for the commercial and residential units. Property includes 0.75
acre feet of water from the Malpaso Water Company. The Seller
is interested in leasing-back the existing residential unit.