Active
1215 Embarcadero
Morro Bay CA, 93442
$6,750,000
$1,288.41 per sqft
Active
5,239 sqft
Commercial
Built in 2020
Listed by Steve Davis with McCarty Davis, Inc. 805-704-5727
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.
SC24082289
MLSⓇ ID
April 24, 2024
Listed
November 22, 2024
Updated
Map
1215 Embarcadero
Morro Bay CA, 93442
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.12 Acres
Lot Features
Level
Other Property Details
Area Name
MRBY - Morro Bay
Days on Market
181
Garage
No
View
No
County
San Luis Obispo
Water Source
Public
Pool
No
Waterfront
Yes
Listing Contact: 805-543-1801
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Data last updated on 11/22/2024 at 7:27 PM UTC