222 Grand Ave

Clearly one of the lowest priced commercial buildings on the peninsula, great opportunity, but the property has a new Phase 2 Environmental Report that resulted in a "remediation plan." This building is being sold in its current "As Is" condition subject to any buyer having to complete the remediation plan, so it cannot have any sort of traditional financing, and the buyer must assume the work. The building was the former Pacific Grove Cleaners, a long time Pacific Grove family business with tons of local history. There was an apartment on 2nd level. Great opportunity to improve and rent out or great for an owner/user.