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Listing 18 out of 86
$1,139,000 Active Under Contract

1199 Main Street
Morro Bay, CA 93442

2 units |
3,500 sq ft

Commercial: Mixed Use - MLS# SC19065821
Property Photo
1/41

Description

NEW PRICE! This distinctive property, PRIME location, zoned MIXED USE Commercial/ Residential w/a Vacation Rental Permit is walking distance to the Embarcadero = SUCCESS! Approx 3500 sq ft, 7 parking spaces & 2 separate addresses (1197 & 1199). The Residence: 3 bedroom/ 2 bath, approx 2000 sq ft is gorgeous! Entry is street level from Surf St and includes, entryway, kitchen/ dining room, full bathroom with Jacuzzi tub, large laundry room & private bedroom w/ its own entrance. Upstairs boasts ocean & Morro Rock views, a pass through bedroom, small kitchenette/office, a petite bathroom w/ toilet, sink & shower, a very comfortable family room, and a beautiful Master bedroom. The Master bedroom has the most amazing custom stained glass window of Morro Rock and is really special. The Commercial space w/approx. 1500 sq. ft., w/ 5 parking spaces, & a minor use permit. Rustic Teak front door, a custom stained glass ceiling dome, bar top counter, wood laminate & tile floors, cathedral ceiling, glass gas fireplace, & Hawaiian doors. A window paneled garage door, ADA bathroom, small private office, all wired for cable, in-wall speakers & media cabinet, track lighting,& floor drains under the front counter previously used by the former coffee house tenant. This location and unique property have so many options; Fine Dining Restaurant, Wine Tasting & Billiards, Craft Beer Brewery, Yoga or Art studio, the possibilities are vast. Call your Realtor today!

Features

  • Property Type: Commercial
  • Sub Type: Mixed Use
  • Listing Status: Active Under Contract
  • Zip Code: 93442
  • Year Built: 2002
  • Sq.Ft.: 3,500 sq ft
  • Units: 2 units
  • Zoning: Mixed Use
  • Area: MRBY - Morro Bay
  • Building Area Units: Square Feet
  • Building Status: Existing
  • Carport Spaces: 2.00
  • Condo Area Units: Square Feet
  • Country: US
  • Directions: Corner of Main Street and Surf
  • Electric Expense: 3600.00
  • Gross Scheduled Income: 80000.00
  • Insurance Expense: 3600.00
  • Investment Property YN: Yes
  • Land Use: Retail
  • Laundry Features: Individual Room, Inside
  • Listing Agent License: 01945215
  • Listing Office License: 01935192
  • Lot Size Source: Assessor
  • MLS: CRM
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Net Operating Income: 53600.00
  • Number Of Buildings: 1
  • Number Of Units Leased: 2
  • Operating Expense: 26400.00
  • Parking Total: 7.00
  • Retail Square Footage: 1500
  • Stories Total: 2
  • Total Expenses: 26400.00
  • Trash Expense: 600.00
  • Uncovered Spaces: 5.00
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 1560.00
  • Water Source: Public
Courtesy of Bhgre Haven Properties, Lisa Mia

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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