Thank you
Stephen Mccarty
McCarty Davis, Inc.
805-543-1801
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.
Sell a home like this and save $232,901 Find Out How
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1.6
Lot Size Source: Owner
Lot Size Square Feet: 69696
Original List Price: 3,890,000
Listing Contract Date: 2021-01-15
Listing Agreement: Exclusive Right To Sell
Parcel Number: 066321027
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: MRBY - Morro Bay
Directions: Cross Streets: Pacific Street & Market Avenue
Zoning: CVS/PD/S.3/S.4,CVS/PD/S.4
Source Property Type: Land
Area: MRBY - Morro Bay
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
660 Sequoia Court, Morro Bay, CA,93442 | $750,000 | -- | -- | -- | 235224 Sqft |
545 Atascadero Road, Morro Bay, CA,93442 | $699,000 | -- | -- | -- | 25000 Sqft |
545 Atascadero Road, Morro Bay, CA,93442 | $699,000 | -- | -- | -- | 25000 Sqft |
1680 Main Street #32, Morro Bay, CA,93442 | $160,000 | 1 | 1 | 399 | -- |
Little Morro Creek Road, Morro Bay, CA,93442 | $975,000 | -- | -- | -- | 1536796.8 Sqft |
Atascadero Road, Morro Bay, CA,93442 | $3,900,000 | -- | -- | -- | 162479 Sqft |
520 Zanzibar Street, Morro Bay, CA,93442 | $1,225,000 | 3 | 1 | 1,728 | 3150 Sqft |
3500 LOT 38 Panorama Dr.., Morro Bay, CA,93442 | $1,790,800 | -- | -- | -- | 1772892 Sqft |
3500 LOT #36 Panorama D.., Morro Bay, CA,93442 | $1,933,900 | -- | -- | -- | 2047320 Sqft |
3500 #34 Panorama Drive, Morro Bay, CA,93442 | $1,474,000 | -- | -- | -- | 1459260 Sqft |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 05/06/2024 @ 19:50
MLS: SP21011224
LISTED BY: Stephen McCarty, McCarty Davis, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.