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Pacific Grove, CA - Del Monte Assisted Living & Memory Care - Availability Details

1221-1229 David Avenue, Pacific Grove, CA 93950

  • For Sale $12,500,000
  • Property Type Retail
  • Property Size 16,604 Sqft
  • Year Built 1955
  • Year Renovated 1999
  • Date Updated Sep 14, 2021
Del Monte Assisted Living Facility is located within a desirable community along the northern California coast, and provides a more affordable option for senior care in comparison to surrounding cities such as Carmel, Pebble Beach, and Monterey. Del Monte was the only assisted living facility throughout the Monterey Peninsula to stay open through Covid, speaking to the strength of the site. The site operates a total of 55 units across 8 buildings, with 2 dedicated parking lots, and additional street-access parking along the three surrounding roadways. Per IBIS World Reports, Retirement and Nursing Care communities are a combined $198b industry, and has experienced a boom of late with rising levels of adult obesity in recent years combined with an aging baby boomer population. Further, growth in the housing market supports seniors selling homes, supplementing rises in per capita disposable income and growth in assisted living patients. Del Monte is strategically positioned within a dense retirement community, with more than 40% of the current 5-mile population being over the age of 55, providing a steady consumer base from which to draw. 1221-1229 David Avenue, Pacific Grove, CA 93950 1226-1228 Lincoln Avenue, Pacific Grove, CA 93950 1107 Montecito Avenue, Pacific Grove, CA 93950
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Location

  • City Pacific Grove, CA
  • Neighborhood Pacific Grove
  • Zip Code 93950
  • Market Central Coast

Contacts

broker

Eric Suffoletto

Boston

(617) 379-7327

Frequently Asked Questions

What year was Pacific Grove, CA - Del Monte Assisted Living & Memory Care built and finished?

Pacific Grove, CA - Del Monte Assisted Living & Memory Care was completed in 1955.

Contact Listing Broker

broker

Eric Suffoletto

Boston

(617) 379-7327

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