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Listing 5 out of 79
$1,750,000 For Sale

781 Market Avenue
Morro Bay, CA 93442


5,220 sq ft

Commercial: Hotel/Motel - MLS# SP19006565
Property Photo
1/5

Description

Seeking Buyer/Lessor to develop a hospitality property delivering tax generating benefits on City-owned property. The City is offering this property to a Lessor/Buyer with the intent they develop a hospitality project generating on-going TOT (Transient occupancy tax). The zoning allows for a wide range of tourist service uses; Zoned C-VS/PD/S.4 (existing restaurant and parking lot) and C-VS/PD/S.3/S.4 (upper parking lot). The project sits partially on the Embarcadero, the main tourist area in Morro Bay. Subject property is +/- 1.03 Acres. Call listing agent for showing instructions. Pre-approval required for touring property.

Features

  • Property Type: Commercial
  • Sub Type: Hotel/Motel
  • Listing Status: Active
  • Zip Code: 93442
  • Sq.Ft.: 5,220 sq ft
  • Area: MRBY - Morro Bay
  • Building Area Units: Square Feet
  • Building Status: Proposed
  • Condo Area Units: Square Feet
  • Country: US
  • Directions: Cross Streets: Pacific Street & Market Avenue
  • Land Use: Other
  • Listing Agent License: 00977930
  • MLS: CRM
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Water Source: Public
Courtesy of Stafford-McCarty Commercial Re, Stephen McCarty

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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