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Bain Building 661-665 Lighthouse Ave, Pacific Grove 5,590 SF 100% Leased Retail Building Pacific Grove, CA 93950 $2,939,265 CAD ($525.81 CAD/SF) 2.70% Cap Rate
Investment Highlights
- Heavy Daytime Foot Traffic
- Recently Replaced 2nd Level Decking
Executive Summary
Positioned in the heart of downtown Pacific Grove, the Bain Building presents a rare opportunity to acquire a fully occupied, mixed-use office investment in one of the Monterey Peninsula’s most sought-after commercial corridors.
The property consists of approximately 5,100± square feet across two stories and is currently 100% occupied with a diverse mix of tenants, providing stable in-place income from day one.
Most leases are structured on a modified gross basis, allowing for a balance of landlord control and expense recovery while maintaining tenant appeal.
Tenants benefit from strong foot traffic, excellent visibility along Lighthouse Avenue, and close proximity to downtown amenities, restaurants, and coastal attractions—making this a highly desirable location for small business operators and professional users alike.
The property consists of approximately 5,100± square feet across two stories and is currently 100% occupied with a diverse mix of tenants, providing stable in-place income from day one.
Most leases are structured on a modified gross basis, allowing for a balance of landlord control and expense recovery while maintaining tenant appeal.
Tenants benefit from strong foot traffic, excellent visibility along Lighthouse Avenue, and close proximity to downtown amenities, restaurants, and coastal attractions—making this a highly desirable location for small business operators and professional users alike.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,590 SF
Building Class
C
Year Built
1957
Price
$2,939,265 CAD
Price Per SF
$525.81 CAD
Cap Rate
2.70%
NOI
$79,360 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.07
Lot Size
0.12 AC
Zoning
Light Commercial - Downtown Commercial
Frontage
Amenities
- Corner Lot
- Signage
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-291-002-000 | Total Assessment | $807,941 CAD |
| Land Assessment | $35,154 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $772,787 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
006-291-002-000
Land Assessment
$35,154 CAD
Improvements Assessment
$772,787 CAD
Total Assessment
$807,941 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Videos
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Photos
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Street
Map
Presented by
Sotheby's International Realty
Bain Building | 661-665 Lighthouse Ave, Pacific Grove
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