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The Pearl Building with Luxury Apartment 507 2nd St 4,400 SF Retail Building Eureka, CA 95501 $1,699,375 CAD ($386.22 CAD/SF)
Investment Highlights
- Heavy foot traffic in the Heart of Downtown Eureka
- Sell Includes Real Property, business, equipment as well as liquor license
- Every detail upgraded to meet current commercial standards
Executive Summary
The Pearl Building with Luxury Apartment.
Welcome to The Pearl, a stunning property rich in history and architectural significance. Originally built in 1872 as the Crystal Palace salon, this iconic building underwent a transformative Art Deco renovation in the 1950's. In 2004, The Pearl was completely restored, blending the best of old-world charm with modern luxury.
The front 2,200 sqft of the building has been meticulously restored, including a new foundation and earthquake retrofit, with every detail upgraded to meet current commercial standards. New framing, plumbing, electrical, and a 2-hour fire-rated structure ensure both safety and longevity. The interior features poured concrete floors, both upstairs and down, with radiant heat. The rear 2,200 sqft of the building, also constructed in 2004, offers three stories of modern luxury, crowned by a penthouse and expansive roof deck that provides breathtaking views of the marina, redwoods, and Pacific Ocean. The location is unbeatable, nestled in the heart of Historic Old Town, just one building off the gazebo and only a block from the waterfront.
The first floor showcases a sleek, modern design with custom finishes throughout, while the second floor is a spacious 2,200 sqft home, featuring 16-foot ceilings, glass railings, and exotic granite countertops. The primary bedroom boasts stunning bay views, making it the perfect sanctuary to enjoy the sights and sounds of this extraordinary location.
The Pearl combines the grandeur of the past with the conveniences of modern living, offering a one-of-a-kind opportunity to own a piece of history in the most desirable part of town.
Short Term Vacation Rental Permit filed and tentatively approved pending site inspection.
Welcome to The Pearl, a stunning property rich in history and architectural significance. Originally built in 1872 as the Crystal Palace salon, this iconic building underwent a transformative Art Deco renovation in the 1950's. In 2004, The Pearl was completely restored, blending the best of old-world charm with modern luxury.
The front 2,200 sqft of the building has been meticulously restored, including a new foundation and earthquake retrofit, with every detail upgraded to meet current commercial standards. New framing, plumbing, electrical, and a 2-hour fire-rated structure ensure both safety and longevity. The interior features poured concrete floors, both upstairs and down, with radiant heat. The rear 2,200 sqft of the building, also constructed in 2004, offers three stories of modern luxury, crowned by a penthouse and expansive roof deck that provides breathtaking views of the marina, redwoods, and Pacific Ocean. The location is unbeatable, nestled in the heart of Historic Old Town, just one building off the gazebo and only a block from the waterfront.
The first floor showcases a sleek, modern design with custom finishes throughout, while the second floor is a spacious 2,200 sqft home, featuring 16-foot ceilings, glass railings, and exotic granite countertops. The primary bedroom boasts stunning bay views, making it the perfect sanctuary to enjoy the sights and sounds of this extraordinary location.
The Pearl combines the grandeur of the past with the conveniences of modern living, offering a one-of-a-kind opportunity to own a piece of history in the most desirable part of town.
Short Term Vacation Rental Permit filed and tentatively approved pending site inspection.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1872/2004
Price
$1,699,375 CAD
Price Per SF
$386.22 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.02
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Amenities
- Roof Terrace
- Air Conditioning
Exceptionally walkable
90/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 001-123-004-000 | Improvements Assessment | $1,441,070 CAD |
| Land Assessment | $119,636 CAD | Total Assessment | $1,560,706 CAD |
Property Taxes
Parcel Number
001-123-004-000
Land Assessment
$119,636 CAD
Improvements Assessment
$1,441,070 CAD
Total Assessment
$1,560,706 CAD
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Presented by
Land X Real Estate, Inc.
The Pearl Building with Luxury Apartment | 507 2nd St
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