$2,498,000 781 Market Avenue Morro Bay, CA

MLS: SP21011224   Type: Land   County: San Luis Obispo   City: Morro Bay   Neighborhood: Embarcadero   Zip: 93442  

Mortgage $11,728 /mo

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Acres

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0

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1.42

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Seeking Buyer/Lessor to develop a hospitality property delivering tax generating benefits on City-owned property. The City is offering this property to a Lessor/Buyer with the intent they develop a hospitality project generating on-going TOT (Transient occupancy tax). The zoning allows for a wide range of tourist service uses; Zoned C-VS/PD/S.4 (existing restaurant and parking lot) and C-VS/PD/S.3/S.4 (upper parking lot). The project sits partially on the Embarcadero, the main tourist area in Morro Bay. The balance of the property rises up and sits on the bluff overlooking the Embarcadero and Morro Bay. Subject property is +/- 1.42 Acres. Call listing agent for showing instructions. Pre-approval required for touring property.

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Price History

1/18/2021 Listed $2,498,000

Additional Parcels Y/N Yes
Association Y/N No
Community Features Sidewalks
HOA Fee 0
Land Lease Y/N Yes
Listing Agent Stephen McCarty - BRE#00977930
Listing Agent State License 00977930
MLS Area MRBY - Morro Bay
Property Type Land
Senior Community Y/N No
Special Listing Conditions Standard
Subdivision Name Embarcadero(750)
Terms Cash
View Bay
Zoning CVS/PD/S.3/S.4, CVS/PD/S.4

Exterior Features

Lot Features Lot Over 40000 Sqft
Lot Size Acres 1.42
Lot Size Area 1.42
Lot Size Source Owner
Lot Size Square Feet 61855
Lot Size Units Acres
View Y/N Yes
Water Source Public

Property Schools



Direct Link:

https://www.lahomesbyjackson.com/property/25-SP21011224-781-Market-Avenue-Morro-Bay-CA-93442

Gallery (3 photos)

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Property vs Zip Code Avg (93442)

Price 2.49M Avg 719K

Acres 1.42 Avg 0.63

Visits 22 Avg 33

Days on Site 118 Avg 612

Walkscore® 69 Avg 43

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Stephen McCarty with Stafford-McCarty Commercial RE.




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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA
818-518-0740