781 Market Avenue Morro Bay, CA $ 1,750,000
781 Market Avenue
$ 1,750,000
New Construction

781 Market Avenue Morro Bay, CA, 93442

$ 1,750,000
Bedrooms Baths0.0

Monthly Estimate*

$ 6,994

How much can I afford?
781 Market Avenue, Morro Bay, CA 93442 - Image 1
781 Market Avenue, Morro Bay, CA 93442 - Image 2
781 Market Avenue, Morro Bay, CA 93442 - Image 3
781 Market Avenue, Morro Bay, CA 93442 - Image 4
781 Market Avenue, Morro Bay, CA 93442 - Image 5

Commercial Property for sale in Morro Bay, CA

for $1,750,000. The lot size is 1.0300 Acre(s).

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. Subject property is +/- 1.03 Acres. Call listing agent for showing instructions. Pre-approval required for touring property.

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Commercial Active

Price

$ 1,750,000

Property Type

Commercial

Style

Hotel/Motel

Lot Size

1.0300 Acre(s)

Town/City

Morro Bay

County/Region

San Luis Obispo

MLS | Web ID

SP19006565

Features
Interior
Water Source Public Water
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* Excluded Features
List By

Listing Agent

Stafford-Mccarty Commercial Re

Broker


Affordability

$ 6,994 per month
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Monthly Principal & Interest
$6,994
Monthly Property Taxes
--
Monthly Home Insurance
--

Default based on a 30-year fixed rate of 4.38% 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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781 Market Avenue, Morro Bay, CA, 93442 is a Commercial Property for sale at $1,750,000 with a lot size of 1.0300 Acre(s). 781 Market Avenue has 0.0 baths. The property's zip code is 93442 which is in Morro Bay, CA