781 Market Avenue Morro Bay, CA, 93442
$ 1,750,000Bedrooms Baths0.0
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.
Water Source Public Water
List By Stafford-Mccarty Commercial Re
- Monthly Principal & Interest
- 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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Commerical listings in Morro Bay, CA
Average List Price $749,889
Percent of Sale Price 57 %
About Morro Bay, CA
-2 %Since 2002
$ 50,355 Median Income
48.94 Median Age
17 % Households with Children