781 Market Avenue,  Morro Bay  (93442)

$3,890,000

0 bedrooms 0   0 bathrooms 0   69696 square feet 69,696
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Listed By: Stephen Mccarty of McCarty Davis, Inc.

PROPERTY DETAILS

Address: view address
Morro Bay, CA 93442
Map Location
Square Feet: 69,696 sq.ft.
Lot Size:1.60 acresYear Built:2000
Property Type:LandNeighborhood:Embarcadero(750)
County:San Luis ObispoList Date:2021-01-18
Listing Number:SP21011224Listed By:McCarty Davis, Inc.
Days on market:689

PROPERTY 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 +/- 1.60 Acres. Call listing agent for showing instructions. Pre-approval required for touring property. Purchase Price: $3,890,000 per most current appraisal, 2021. Call for more details.

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Property and Lot Details

Has View:YesLot Acres:2
Lot Has Bay View:YesLot Has Ocean View:Yes
Lot Sqft:69,696Public Water:Yes
Subdivision:Embarcadero(750)Transaction Type:Sale

Community information and market data Powered by Onboard Informatics. Copyright ©2022 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2022 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2022 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listed By: Stephen Mccarty of McCarty Davis, Inc.