507 2nd Street, Eureka, CA 95501 - Commercial

$ 1,795,000 On the Market Save to FavoritesSaved      




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Description:

The Pearl with Luxury Apartment - A Historic Masterpiece with Modern Elegance. 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 2200 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 the 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. Sell includes Real Property, business, equipment as well as liquor license.

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Quick Facts

Area:
4400 sq ft
Lot Size:
0.05 acres
Asking Price:
$ 1,795,000
Days on Market:
17
Listing Office:
Land X Real Estate Inc.
Listing Agent:
Nathan Baxley
Contact:
Ming Tree, Realtors
707-445-4500

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    Interior Features:

  • Heating: Radiant
  • Flooring: Concrete
  • Lot Features:

  • Zoning: No
  • Walk Score®: 94 Walker's Paradise - Daily errands do not require a car
  • Transit Score®: 0 Minimal Transit - It is possible to get on a bus
Coming Soon.


Neighborhood details for 507 2nd Street, Eureka, CA 95501 - Neighborhood: Old Town

HousingNear HereNeighborhoodZip Code
Total Households7171719932
Median Age of Home195219421951
Median Property Value$250,000$325,462$298,234
Homes Owner Occupied15.27%14.54%39.65%
Homes Rented84.73%85.46%60.35%
Homes Vacant8.65%6.91%6.5%
Median Rent$ 665$ 620$ 719
Crime Risk (national avg is 100)Near HereNeighborhoodZip Code
Overall Crime Risk181172148
Murder Risk181177153
Assault Risk166122130
Burglary Risk195171162
Vehicle Theft Risk198194180
PeopleNear HereNeighborhoodZip Code
Population208348122469
Male63.03%64.42%52.23%
Female36.97%35.58%47.77%
Median Age36.633.937.0
People Per Household2.12.112.4
Households with Children38.78%36.62%50.76%
Median Household Income$40,431$28,316$38,037
EducationNear HereNeighborhoodZip Code
Some High School8.55%16.72%10.19%
High School51.19%33.03%26.72%
Associate Degree14.29%8.51%8.52%
Bachelors Degree3.87%4.26%14.69%
Masters Degree0.0%4.45%4.96%
Graduate Degree2.25%5.06%6.86%
Professional Degree2.25%0.61%1.07%
Doctorate Degree0.0%0.0%0.84%
CommutingNear HereNeighborhoodZip Code
Average commute time12 minutes16 minutes15 minutes
Travel by Car75.31%64.59%83.88%
Travel by Public Transportation0.0%0.0%1.06%
Travel by Walking12.82%20.84%7.27%
Travel by Other0.0%3.01%1.02%
Work from Home8.95%7.46%3.81%
WeatherNear HereNeighborhoodZip Code
Average Annual temperature52 degrees52 degrees52 degrees
Average Annual minimum45 degrees45 degrees45 degrees
Average Annual maximum58 degrees59 degrees59 degrees
January Average Low39 degrees39 degrees39 degrees
July Average High62 degrees62 degrees62 degrees
Sunny Days per Year186 days186 days186 days
Partly Clear Days per Year78 days78 days78 days
Cloudy Days per Year7 days7 days7 days
Rainy Days per Year117 days117 days117 days
Snowy Days per Year0 days0 days0 days
Annual Rainfall40.0 in.40.61 in.40.74 in.
Annual Snowfall0 in.0 in.0 in.
Environmental (national avg is 100)Near HereNeighborhoodZip Code
Pollution Index979797
Earthquake Index646646646
Wind Index000
Hurricane Index000
Tornado Index111
Hail Index000

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Based on information from the Humboldt Association of REALTORS®, as of 02/05/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker or MLS for accuracy. All information should be independently reviewed and verified of accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2025 Humboldt Association of Realtors®. All rights reserved.