$1,240,700
$1,395,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
480 Morro Bay BLVD Morro Bay, CA 93442
6,000 SqFt
Key Details
Sold Price $1,240,700
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $206
MLS Listing ID SC21121859
Sold Date 09/22/21
HOA Y/N No
Year Built 1961
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Amazing investment opportunity in the heart of downtown Morro Bay! Located next door to the historic Bay Theatre, just a few blocks from the Embarcadero, this 6-unit multi-tenant retail building is ready for many uses. There are 11 designated parking spots along with street parking on both Morro Bay Blvd and Napa Ave. The property includes 468 Morro Bay Blvd (~1,062 sq ft), 480 Morro Bay Blvd (~1,651 sq ft), 490 Morro Bay Blvd (~1,169 sq ft), 735 Napa Ave (~620 sq ft), 737 Napa Ave (~620 sq ft), and 739 Napa Ave (~620 sq ft). All leases are month to month. Zoned C-1 with S-4 overlay, check with City Planning to realize its potential!
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Zoning C-1
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Total Parking Spaces 11
Building
Lot Description Rectangular Lot, Street Level
Water Public
Others
Tax ID 066121012
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Trust
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Bought with Colleen Clarke • BHGRE Haven Properties
GUIDE SoCal
Broker | License ID: DRE#01976964