100 DOLORES STREET Between 5th & 6th Avenue Carmel-by-the-Sea

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1 100 DOLORES STREET Between 5th & 6th Avenue Carmel-by-the-Sea OWNER/USER INVESTMENT OPPORTUNITY MAJOR PRICE REDUCTION Ocean Avenue 6th Avenue Dolores Street 100 DOLORES STREET 5th Avenue MICHAEL SCHOEDER Managing Principal Lic. # Lower Ragsdale Drive Building 1, Suite 100 Monterey, CA 93940

2 FOR SALE Property Summary Property Address: Number of Parcels: 100 Dolores Street Carmel-By-The-Sea, CA One Parcel Number: Combined Site Area: 8,000 SF Demographics Tenants 1-MILE 3-MILES 5-MILES Total Population 6,700 19,711 60,530 Average Household Income $114,059 $110,641 $90,985 Median Household Incom $88,578 $85,961 $66,341 Number of Households 3,506 9,474 27,809 Total GLA: Zoning: 3,650 SF (Two, One-Story Buildings connected by Porte-Cochere) SC - Service Commercial (Click HERE for definition) Dolores Street Entrance View (Facing West)

3 FOR SALE Investment Highlights Rare Carmel-By-The-Sea purchase opportunity for an owner/user investor New roof, parking lot improvements and painting of the exterior Located directly across from the Carmel Post Office Potential long-term redevelopment opportunity Property Highlights 3,650 SF building Retail/Office building Asking Price: $2,950,000 $2,500,000 8 on-site parking spaces Owner/User opportunity with potential carry-income Market and Location Highlights Strong local demographics Avg. income (3 miles) > $110,000 Top 10 tourist destination in U.S. Over 8 million tourists annually Pride of ownership in Carmel-By-The-Sea 100 DOLORES STREET Lincoln Street 6th Avenue Dolores Street San Carlos Street Ocean Avenue

4 Site Plan and Suite Breakdown FOR SALE Tenants Unit 1 (Gallery Apodaca) Unit 2 (Vacant) Unit 3 (Vacant) Sq. Ft. 817 SF 954 SF 1,826 SF Total Leased 22% TOTAL GLA 3,650 SF MICHAEL SCHOEDER Managing Principal michael.schoeder@cushwake.com Lic. # Lower Ragsdale Drive Building 1, Suite 100 Monterey, CA 93940

5 FOR SALE Carmel-By-The-Sea The city of Carmel-by-the-Sea, California ( Carmel ), incorporated in 1916, is a one square mile village surrounded by the unincorporated areas of Carmel, Pebble Beach, Carmel Valley and Carmel Highlands. It is located on the Pacific coast in Central California in Monterey County. It is 120 miles south of San Francisco, 70 miles south of San Jose, 330 miles north of Los Angeles and 26 miles north of Big Sur. Carmel-By-The- Sea is one of several suburban bedroom communities that surround the Monterey Bay. The city lies along the westerly side of Highway 1, which is the major commuter route to the employment centers of Monterey Bay. Carmel-By-The-Sea is a world famous destination, renowned for its picturesque charm, beautiful white sand beach, performing arts and hundreds of upscale shops, art galleries and world class restaurants. Restaurants & Bars Carmel-By-The-Sea restaurants and bars despite boasting among them some of the world s landmark establishments remain pleasantly undefined. The town s charming eateries feature a full range of international, regional and local cuisines, all benefiting from their proximity to the bounties provided by the Monterey Bay and Salinas Valley. Taken together, Carmel-By-The-Sea restaurants have a hallmark blend of Old World elegance and modern charm, all with an artistic flair. Arts & Entertainment Carmel-By-The-Sea arts and entertainment is the stuff of lore. In 1910, the San Francisco Call reported that 60 percent of Carmel s houses were built by citizens who were devoting their lives to work connected to the aesthetic arts. Today the tradition continues with live music and theater for the masses, over 90 art galleries, and numerous art boutiques. Carmel s venues are historic, including the restored Sunset Theater, the Golden Bough Theater, and the Forest Theater, the first outdoor theater west of the Rockies. Pebble Beach Pebble Beach is a legendary place featuring a dramatic coastline and mystical forest with a rich history of world-class accommodations, grand recreation, and some of the best golfing in the world. Pebble Beach has attracted extraordinary visitors throughout its history, from Samuel Morse to Clint Eastwood, Teddy Roosevelt to Sir Winston Churchill. Pebble Beach features a very affluent residential community of over 4,500 residents. Shopping Carmel-By-The-Sea shopping is metropolitan style, though wholly unique in setting. It is also an all-day experience, and then some. The most particular shopper is sure to find something of great appeal in one of the town s stone-paved alleyways or curlicue-roofed shops. From outdoor malls to family-owned boutiques, Carmel-By-The-Sea offers a shopping environment that wants for nothing but infinite time to explore it.

6 Carmel-By-The-Sea Retail FOR SALE

7 Immediate Trade Area Retailers FOR SALE A 100 Dolores Street Coach 3. 2 Carmel Drug Store 4. 3 Canapo Art Gallery 5. 4 Weston Gallery 6. 5 Pine Inn 7. 6 Robert Talbott 8. 7 La Renaissance Jewelry 9. 8 Le St Tropez The Tuck Box Carmel Belle Robin s Jewelry Wells Fargo St. Moritz Sweaters Cafe Carmel Devendorf Park Carmel Plaza Carmel Village Inn Vesuvio Palomas Home Furnishings 19 Carmel Post Office MICHAEL SCHOEDER Managing Principal michael.schoeder@cushwake.com Lic. # Lower Ragsdale Drive Building 1, Suite 100 Monterey, CA 93940

8 Santa Cruz MONTEREY BAY MONTEREY PENINSULA COUNTRY CLUB SPANISH BAY RESORT & GOLF Monterey SPYGLASS HILL GOLF COURSE POPPY HILLS GOLF COURSE 1 THE LODGE AT PEBBLE BEACH 17-Mile Drive PEBBLE BEACH GOLF COURSE Junipero Street Ocean Avenue DOWNTOWN CARMEL-BY-THE-SEA Carmel Beach CARMEL BAY North-West Aerial View Uptown Monterey 12

9 CARMEL BAY Carmel Beach PEBBLE BEACH GOLF COURSE CARMEL PLAZA Ocean Avenue DEVENDORF PARK 6th Avenue Mission Street Junipero Street Mountain View Avenue West Aerial View

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