Active

Atascadero Road

Morro Bay, CA 93442
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SqFt162,479

Sqft(Lot)

Here's a rare opportunity to buy prime ocean front land zoned for commercial visitor use. This unique offering includes 3.73 acres fronting Morro Bay's famous sand dunes, 3-mile beach strand, and historic Morro Rock. Morro Bay is a vacation destination beach town known for its fishing village atmosphere, outstanding restaurants, sailing and boating, and fresh clean air. Morro Bay is an easy drive to Cayucos, and Cambria to Hearst Castle, then over the hills to Paso Robles and then down to San Luis Obispo to get an overall county tour of our beautiful wineries and to savor the taste of premium wines. Stop by Cal Poly, and our world famous Spanish mission of San Luis Obispo de Tolosa founded in 1772. The subject is located at the epicenter of our county activities. Possible uses are a major brand hotel complex with accessory shops & restaurant, an Ocean Institute and Coastal Visitor Center, or an RV park & storage. The owner had an extensive 82-page biological and wetland assessment report prepared in 2001. The report and a visual inspection indicates the lots have extensive coverage of scrub willow trees and ice plants, which should not be an issue to develop. The heirs to this estate will make it available for disclosures purposes only with an accepted offer. The City will require an updated report, a soil report, and a set of plans to apply for a building permit. Whatever your intended use, the City and Coastal Commission are mandated to give commercial visitor serving use a priority.

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Detail Ic Property Details

Property Type : Land

Price : $3,900,000

AD Id : 51419114

MLS Id : SC23145620

Lot Size : 162,479 Sqft(Lot)

County : San Luis Obispo

Subdivision: Fallbrook

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 3.73
  • Lot Size Source: Assessor Lot Size Square Feet: 162479

  • Listing Price Information

    Original List Price: 3,900,000 Listing Contract Date: 2023-08-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 065182009,

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: MRBY - Morro Bay Directions: Hwy 1 to Atascadero Rd then west to the ocean. Lots are located north of the old sewer plant and south of the high school Zoning: CVS Source Property Type: Land Area: MRBY - Morro Bay
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1800 Atascadero Road, Morro Bay, CA, 93442 $15,500,000 -- -- -- 15,246,000 Sqft(Lot)
731 Butte, Morro Bay, CA, 93442 $289,500 -- -- -- 5,378 Sqft(Lot)
670 Sequoia Court, Morro Bay, CA, 93442 $499,000 -- -- -- 20,038 Sqft(Lot)
541 Atascadero, Morro Bay, CA, 93442 $879,000 -- -- -- 9,013 Sqft(Lot)
2900 Alder Avenue, Morro Bay, CA, 93442 $395,000 -- -- -- 6,000 Sqft(Lot)
2783 Coral Ave, Morro Bay, CA, 93442 $3,350,000 -- -- -- 43,124 Sqft(Lot)

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ByOwner last updated this listing 06/09/2026 @ 01:19

MLS: SC23145620 LISTED BY: Jack Franklin, Franklin Real Estate & Rentals 805-772-4277 SOURCE: CRMLS

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