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Listing 16 out of 79
Sold for $800,000 Sold

495 Morro Bay Boulevard
Morro Bay, CA 93442

1 unit |
3,766 sq ft

Commercial: Retail - MLS# PI18003086
Property Photo

Sold

Sold for $800,000 on Mar 15, 2019

Description

Waiting for the BEST Opportunity in Morro Bay? Here it is! NNN Corner of Morro Bay Blvd and Napa across from the Bay Theater! How could it get any better? By being able to buy the property next door also! 845 Napa is also available (MLS ID PI018003081). Whether you are looking for an investment for your portfolio or at development opportunities, these two listings will be the ones to buy in 2018! This property has been a rental as a multi tenant in the past, currently a single tenant. There is a phrase used in Real Estate: Location, Location, Location ... it doesn't get any better than this, being the most strategic business location in the city this is it! Please do not disturb tenants in any way, Thank you. Don't wait, call your Realtor today!

Features

  • Property Type: Commercial
  • Sub Type: Retail
  • Listing Status: Closed
  • Listing Price: $849,999
  • Zip Code: 93442
  • Sq.Ft.: 3,766 sq ft
  • Units: 1 unit
  • Area: MRBY - Morro Bay
  • Anchors Co Tenants: 1
  • Building Area Units: Square Feet
  • Building Status: Existing
  • Cap Rate: 4.90
  • Condo Area Units: Square Feet
  • Construction Materials: Brick
  • Country: US
  • Directions: Corner of Morro Bay Blvd and Napa.
  • Gross Scheduled Income: 45958.00
  • Insurance Expense: 1770.00
  • Land Use: Retail
  • Listing Agent License: 01128892
  • Listing Office License: 01892221
  • Lot Size Source: Appraiser
  • MLS: CRM
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Net Operating Income: 44187.96
  • Number Of Buildings: 1
  • Number Of Units Leased: 1
  • Operating Expense: 1770.00
  • Roof: Flat
  • Selling Agent: Aaron Young
  • Selling Agent License: 01992943
  • Selling Office: Richardson Properties
  • Selling Office License: 01465507
  • Total Expenses: 1770.00
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Water Source: Public
  • Sold Price: 800000.00
  • Sold Date: 2019-03-15
Courtesy of Realty Professionals, Kevin Jones

Better Homes and Gardens Real Estate | Haven Properties
805-592-2050
info@san-luis-obispo-realty.com
San Luis Obispo Office:
441 Marsh Street
San Luis Obispo, CA 93401
Morro Bay Office:
805 Main Street
Morro Bay, CA 93442


CA DRE# 01935192

 

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