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Listing 9 out of 86
$1,795,000 For Sale

545 Main Street
Morro Bay, CA 93442

7 units |
5,098 sq ft

Commercial: Office - MLS# SC19043819
Property Photo
1/16

Description

Outstanding views and location for this commercial property located in beautiful Morro Bay! Designed by architect James H. Maul, this professional office building has 7 units and is zoned R-4 on a 17,424 square foot lot with a lot of potential. This income producing property currently has medical and professional offices with stable, long-term tenants. There are 3 units on the ground level and 4 units on the second level, with a new elevator installed in 2018 and a large paved parking lot with plenty of spaces. With only a few blocks to the waterfront and downtown, the location is very desirable for businesses and their visiting clients.

Features

  • Property Type: Commercial
  • Sub Type: Office
  • Listing Status: Active
  • Zip Code: 93442
  • Sq.Ft.: 5,098 sq ft
  • Units: 7 units
  • Waterfront: Across the Road from Lake/Ocean,Marina in Community,Ocean Side Of Highway 1
  • Zoning: R-4
  • Area: MRBY - Morro Bay
  • Building Area Units: Square Feet
  • Building Features: Elevators
  • Building Status: Existing
  • Condo Area Units: Square Feet
  • Construction Materials: Shingle Siding, Stucco
  • Country: US
  • Directions: Hwy 1 to Morro Bay Blvd, north on Main St
  • Electric Expense: 829.00
  • Gross Scheduled Income: 85752.00
  • Heating: Forced Air, Natural Gas
  • Heating YN: Yes
  • Insurance Expense: 2095.00
  • Investment Property YN: Yes
  • Land Use: Multi-Family, Office, Other
  • Listing Agent License: 01238936
  • Listing Office License: 02001737
  • Lot Size Source: Assessor
  • MLS: CRM
  • Maintenance Expense: 1305.00
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Number Of Units Leased: 7
  • Office Square Footage: 5101
  • Other Expense: 4699.00
  • Roof: Tar/Gravel
  • Stories Total: 2
  • Supplies Expense: 630.00
  • Total Expenses: 22097.00
  • Total Monthly Rent: 7146
  • Trash Expense: 1216.00
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Water Connected
  • Water Sewer Expense: 2900.00
  • Water Source: Public
Courtesy of Shoreline Properties, Candice Bell

and our Morro Bay Affiliate & second location

Morro Bay Real Estate Partner

San Luis Obispo Realty
805-544-9161
info@san-luis-obispo-realty.com
441 Marsh Street
San Luis Obispo, CA 93401

CA BRE# 00577121

 

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