1150 Main Street Morro Bay, CA $ 1,425,000
1150 Main Street
$ 1,425,000
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1150 Main Street

Morro Bay, CA, 93442
$ 1,425,000
Baths0.0 Sq 2,322

Monthly Estimate*

$ 8,534

Listed by Coast Realty
1150 Main Street, Morro Bay, CA 93442 - Image 1
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Studio

Commercial Property for sale in Morro Bay, CA

for $1,425,000. This 2,322 square foot building was built in 1958 on a lot size of 0.41.

Prime commercial property for sale in the heart of town, offering an exceptional investment opportunity. This 2,322 square foot building is situated on a substantial 17,860 square foot lot, strategically located in a high-traffic area with excellent footfall, making it ideal for various commercial uses. The property comprises two buildings currently occupied by well-established businesses: an Auto Mechanic and a Machine Shop, ensuring consistent rental income (note that businesses are not for sale). Recent upgrades include a new roof for the Machine Shop in 2019 and a refreshed front facade in 2018, enhancing both the aesthetic appeal and structural integrity of the property. This prime location, combined with the solid tenant base and recent improvements, presents a compelling proposition for investors looking to expand their real estate portfolio or for entrepreneurs seeking a prominent location for their next venture. Don't miss this unique opportunity to secure a highly desirable commercial property in a thriving community. For more information or to schedule a viewing, please contact your Realtor today!

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Commercial Active

Price

$ 1,425,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Industrial

Lot Size

0.41

Year Built

1958

Town/City

Morro Bay

County/Region

San Luis Obispo

MLS | Web ID

SC24094886

Days on Market

125

Features
Exterior
Lot Features Level
Water Source Public
Lot Size Area 17860.0
Number of Buildings 2
Spa N
Building Area Total 2322.0
Lot Size Acres 0.41
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Year Built 1958
Property SubType Industrial
County San Luis Obispo
New Construction N
Property Type CommercialSale
Home Owner Assoc N
Attached Garage N
Garage Y/N N
Special Listing Conditions Trust
Status Active
Directions Coming from Hwy 1- Down MB BlVD. Right on Main.
City Morro Bay
View Y/N N
Senior Community Y/N N
MLS Area MRBY - Morro Bay
Lot Size Units SquareFeet
Lot Size Square Feet 17860.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 85
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Industrial
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1150
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* Excluded Features
List By
Coast Realty

Broker

(805) 225-2284

Phone

Affordability Calculator

$8,534
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,534
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/13/2024$1,425,000 -5.00% Price Down
5/20/2024$1,500,000 Listed Price

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1150 Main Street, Morro Bay, CA, 93442 is a Commercial Property for sale at $1,425,000 with 2,322 sqft and a lot size of 0.41. 1150 Main Street is a studio with 0.0 baths and was built in 1958. The property's zip code is 93442 which is in Morro Bay, CA