$6,750,000
1215 Embarcadero Morro Bay, CA 93442
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$6,750,000
Est. payment /mo
5,240 Sqft Lot
Active
1215 Embarcadero Morro Bay, CA 93442
UPDATED:
10/22/2024 04:49 PM
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC24082289
HOA Y/N No
Year Built 2020
Lot Size 5,240 Sqft
Property Description
Morro Bay Landing is situated on the waterfront in Morro Bay, CA. The recently constructed commercial building and boat docks provide three individual income streams. The project consists of a +/- 5,239 SF multi-tenant retail building, 25 boat slips and Kayak and Paddle Board storage lockers. With a gross income just north of $500,000, this leasehold interest (36 years on the existing lease with an exclusive right to renegotiate), is priced at a 6 cap and the owner is motivated to sell.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Interior
Fireplace No
Laundry None
Exterior
Waterfront Description Bayfront,Ocean Front
Building
Lot Description Level
Story 2
Water Public
Others
Tax ID 940000146
Special Listing Condition Standard
Listed by Steve Davis • McCarty Davis, Inc. • 805-704-5727