Prime Location On Very Busy Carmel-By-The-Sea (Asset Sale/Key Money Sale)
Retail Space available on busy Ocean Avenue where foot traffic is very heavy
Listing ID: RET-AGR$79,000
Carmel-by-the-Sea, CaliforniaHave a Question?
Request More Information
Here we have a beautiful retail store located on gorgeous Carmel-By-The-Sea, a well-known tourist attraction across the country. It’s located in the heart of downtown Carmel on Ocean Ave. Numerous businesses, restaurants, and hotels surround the store. There’s rarely a slow day in downtown Carmel, especially on Ocean Ave. where foot traffic is very heavy.
When special events happen in the Monterey County, patrons know to visit Carmel-By-The-Sea. Especially when Concours d’Elegance occurs. This happens every August and they block all of Ocean Avenue just for this special event. Foot traffic is extremely high, and businesses nearby receive a huge boost of revenue during these events.
The current lease is relatively low compared to other businesses nearby. The lease is projected to rise for a new operator, but still considered low compared to others in the area. The landlord is good and easy to work with. The current space is 220 sq. feet and there’s a large display window out front. This space would be perfect for a jewelry store or art gallery. The current tenant is a gorgeous artist gallery that has been very successful for the past 14 years. Before the artist gallery it was a jewelry store that was highly lucrative and consistent throughout the years. For whatever business a new operator would like to open, they get a huge head start due to this exciting location.
There’s minor FFE included with the purchase. The reason for the sale is the current owner would like to spend more time with family. Did I mention one of the most beautiful beaches (Carmel Beach) resides right down the street!? This is a rare opportunity to open a new business on one of the busiest streets in all of the Monterey County!
Contact [email protected] or call 831-625-5581 today.