An extraordinary opportunity to reimagine an iconic commercial property in the heart of Carmel-by-the-Sea. Located on Dolores Street just six buildings southwest of Ocean Avenue, the former China Arts Center offers a remarkable setting for a music venue and recording studio, private club, art gallery, luxury showroom, creative headquarters, or other distinctive destination. Conceptual renderings illustrate the range of possibilities for the property and the scale of what could be created. Significant groundwork has already been completed, including comprehensive interior demolition, architectural planning, substantial permitting work, and a major PG&E electrical service upgrade currently underway. Planning-approved plans contemplate approximately 1,172 square feet of reinstated second-floor space, along with a proposed outdoor terrace, and a rooftop deck with elevator access. Currently vacant and ready for redevelopment, this is a rare opportunity to bring a bold new vision to one of Carmels most prominent downtown locations, subject to applicable approvals.
Details
MLS #
ML82057863
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1930
Days On Site
7
Listing Provided By
Coldwell Banker Realty | Tim Allen
Features
SQ Feet
5,886
Story(s)
3
Zoning
Commercial
Acreage
0.09
Interior
Cooling
None
Heating
Forced Air
Heating Yes / No
Yes
Cooling Yes / No
Yes
Exterior
Roof
Flat
Area Information
State
CA
County
Monterey
City
Carmel
Zip Code
93921
Area
699 Not Defined
Listing VS Median (in 93921)
Price: $5,750,000
low | high
Med: $2,995,000
97.913043478261% of Average
sqft: 5,886
low | high
Med: 1,586
100% of Average
$ / sqft: $977
low | high
Med: $1,888
43.30632161851% of Average
On site: 7
low | high
Med: 46
15.217391304348% of Average
Sourced by Back At You
Market Activity 93921
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jul 2026
Sales: 1
Avg $ Per SqFt: $1955.73
Min Sale Price: $3,225,000
Max Sale Price: $3,225,000
Med Sale Price: $3,225,000
Date: May 2026
Sales: 2
Avg $ Per SqFt: $2880.19
Min Sale Price: $3,650,000
Max Sale Price: $5,195,000
Med Sale Price: $4,422,500
Date: Apr 2026
Sales: 9
Avg $ Per SqFt: $2272.36
Min Sale Price: $2,525,000
Max Sale Price: $6,900,000
Med Sale Price: $3,500,000
Date: Mar 2026
Sales: 1
Avg $ Per SqFt: $1423.53
Min Sale Price: $1,210,000
Max Sale Price: $1,210,000
Med Sale Price: $1,210,000
Date: Feb 2026
Sales: 7
Avg $ Per SqFt: $2062.32
Min Sale Price: $1,900,000
Max Sale Price: $7,250,000
Med Sale Price: $3,200,000
Date: Jan 2026
Sales: 2
Avg $ Per SqFt: $1391
Min Sale Price: $1,450,000
Max Sale Price: $2,150,000
Med Sale Price: $1,800,000
Date: Oct 2025
Sales: 2
Avg $ Per SqFt: $1856.28
Min Sale Price: $2,050,000
Max Sale Price: $4,495,000
Med Sale Price: $3,272,500
Date: Sep 2025
Sales: 2
Avg $ Per SqFt: $2359.63
Min Sale Price: $3,495,000
Max Sale Price: $4,400,000
Med Sale Price: $3,947,500
Date: Aug 2025
Sales: 1
Avg $ Per SqFt: $2688.17
Min Sale Price: $4,500,000
Max Sale Price: $4,500,000
Med Sale Price: $4,500,000
Sourced by Back At You
Jul 2026
Sales:
1
Avg $ Per SqFt:
$1955.73
Min Sale Price:
$3,225,000
Max Sale Price:
$3,225,000
Med Sale Price:
$3,225,000
May 2026
Sales:
2
Avg $ Per SqFt:
$2880.19
Min Sale Price:
$3,650,000
Max Sale Price:
$5,195,000
Med Sale Price:
$4,422,500
Apr 2026
Sales:
9
Avg $ Per SqFt:
$2272.36
Min Sale Price:
$2,525,000
Max Sale Price:
$6,900,000
Med Sale Price:
$3,500,000
Mar 2026
Sales:
1
Avg $ Per SqFt:
$1423.53
Min Sale Price:
$1,210,000
Max Sale Price:
$1,210,000
Med Sale Price:
$1,210,000
Feb 2026
Sales:
7
Avg $ Per SqFt:
$2062.32
Min Sale Price:
$1,900,000
Max Sale Price:
$7,250,000
Med Sale Price:
$3,200,000
Jan 2026
Sales:
2
Avg $ Per SqFt:
$1391
Min Sale Price:
$1,450,000
Max Sale Price:
$2,150,000
Med Sale Price:
$1,800,000
Oct 2025
Sales:
2
Avg $ Per SqFt:
$1856.28
Min Sale Price:
$2,050,000
Max Sale Price:
$4,495,000
Med Sale Price:
$3,272,500
Sep 2025
Sales:
2
Avg $ Per SqFt:
$2359.63
Min Sale Price:
$3,495,000
Max Sale Price:
$4,400,000
Med Sale Price:
$3,947,500
Aug 2025
Sales:
1
Avg $ Per SqFt:
$2688.17
Min Sale Price:
$4,500,000
Max Sale Price:
$4,500,000
Med Sale Price:
$4,500,000
MLS Number: ML82057863
Tim Allen – team@timallenproperties.com
Coldwell Banker Realty – (831) 626-2221
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