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507 2nd Street, Eureka, CA 95501

$1,250,000
Property Type: Business Opportunity Square Footage: 4,400 Lot Size (sq. ft.): 2,178 Status: Active
Current Price: $1,250,000 List Date: 12/09/2025 Last Modified: 12/09/2025

Description

The Pearl Building with Luxury Apartment and Restaurant Five Eleven. 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.

Supplements: The front 2,200 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 provided breathtaking views of the marina, redwoods, and 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. Included in the sale is Restaurant Five Eleven, a modern fine-dining restaurant and bar featuring farm -to-table North Pacific cuisine, an extensive wine selection, and a diverse menu of signature cocktails. This well-established dining destination enhances the property's value and offers exceptional potential for continued operation or creative reimagining. Learn more about the restaurant at www.fiveeleveneureka.com 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. Short Term Vacation Rental Permit completed and approved!

More Information MLS# 271191

Property Description

Realtor.com Type: Commercial Lot Size: City Lot Dimensions: .05 Construction Status: Existing Lot Acres: 0.05 Flood Zone: No List Price/SqFt: 284.09 Type of Property: Business Op Main House SqFt: 4400

Lease Info

Lease Price: 0

Building Description

Year Built: 2004 # Units: 2

Location, Legal and Taxes

APN: 001-123-004

Zoning

Commercial: 1

Possession

At Close of Escrow: 1

Square Footages

Total Building SqFt: 4400

Business

Real Estate Included: Yes

Existing Use

Other: 1

Utilities

Circuit Breaker: 1 Electric: 1 Gas: 1

Siding

Stucco: 1

Location

Interior Lot: 1

Construction

Wood Frame: 1

Roof

Membrane: 1

Insulation

Ceiling: 1 Dual Pane Window: 1 Wall: 1

Financing Terms

Cash: 1 Conventional: 1

Heating

Floor: 1 Radiant: 1

Exterior Amenities

Alley: 1 Sidewalks: 1

Interior Amenities

Earthquake Retro: Yes

Flooring

Concrete: 1

Sale Includes

Land/Bldg/Bus: 1

Listing Information

Status: Active List Date: 2025-12-08 List Price: $1,250,000 Current Price: $1,250,000

Location Legal and Taxes

Area: South Bay House Number: 507 Street Name: 2nd Street Suffix: Street Sub-Area: Eureka State: CA Zip Code: 95501 Cross Street: F

Property Features

Zoning: Commercial Existing Use: Other Location: Interior Lot Construction: Wood Frame Siding: Stucco Roof: Membrane Insulation: Ceiling; Dual Pane Window; Wall Exterior Amenities: Alley; Sidewalks Utilities: Circuit Breaker; Electric; Gas Heating: Floor; Radiant Flooring: Concrete Sale Includes: Land/Bldg/Bus Possession: At Close of Escrow Financing Terms: Cash; Conventional
Listing Office: Land X Real Estate Inc.
IDX
Last Updated: December - 09 - 2025
Broker Attribution: nathan@landxinc.com

Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) 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 for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.