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Listing 8 out of 86
$2,498,000 For Sale

781 Market Avenue
Morro Bay, CA 93442

lot: 1.42 acres | Residential Lots & Land - MLS# SP19086200
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. The balance of the property rises up and sits on the bluff overlooking the Embarcadero and Morro Bay. Subject property is +/- 1.42 Acres. Call listing agent for showing instructions. Pre-approval required for touring property.

Features

  • Property Type: Residential Lots & Land
  • Sub Type: Residential Lots & Land
  • Listing Status: Active
  • Zip Code: 93442
  • Subdivision/Neighborhood: Embarcadero(750)
  • Lot Size: 1.42 acres
  • View: Bay, Yes
  • Area: MRBY - Morro Bay
  • Community Features: Sidewalks
  • Country: US
  • Directions: Cross Streets: Pacific Street & Market Avenue
  • Elevation Units: Feet
  • Listing Agent License: 00977930
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Area: 1.4200
  • Lot Size Source: Owner
  • Lot Size Units: Acres
  • MLS: CRM
  • 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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