Union Pacific Railroad is offering its former rail line in Pacific Grove’s Asilomar area for sale, with an asking price of $1.6 million.
The property includes a .69 acre lot at Crocker and Sinex avenues that may be suitable for building. A railroad station once stood on the corner, according to Union Pacific spokeswoman Zoe Richmond in Sacramento.
The total 9.12 acre property stretches from Sinex Avenue to the Pacific Grove Municipal Golf Course, but most of it is “very thin,” she said, “not something for development.”
Union Pacific put the property up for sale about eight years ago,
Why didn’t P.G. buy it back then when there was money in the bank?