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781 Market Avenue

Morro Bay, CA 93442
  • $3,890,000
  • STATUS: Active
  • ON SITE: 569 Days
  • ID#: SP21011224
UPDATED: 34 min ago
$3,890,000
  • 0
    BEDS
  • 1.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Stephen Mccarty of Mccarty Davis, Inc. (805-543-1801) and Steve Davis of Mccarty Davis, Inc.(805-543-1801)


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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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T22:31:55.703. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
www.steelecanyonrealty.com/homes/113370999
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781 Market Avenue Morro Bay, CA 93442

  • Price: $3,890,000
  • Status: Active
  • On Site: 569 Days
  • Updated: 34 min ago
  • ID#: SP21011224
0
Beds
0
Baths
0
½ Baths
1.6
Acres
Neighborhood:
Embarcadero(750)
County:
San Luis Obispo
Area:
MRBY - Morro Bay
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.
Exterior Features

Lot Features 0-1 Unit/AcreLot Over 40000 SqftNear ParkNear Public Transit View BayCoastlinePark/GreenbeltMarinaOceanPanoramicWater View YN Yes

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest Planned Development Community Features BikingDog ParkFishingGolfHikingSidewalksPark Land Lease YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Cvs/Pd/S.3/S.4Cvs/Pd/S.4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T22:31:55.703. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
 
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Steele Canyon Realty
5923 Severin Drive
La Mesa CA, 91942
Listing Agent(s): Stephen Mccarty of Mccarty Davis, Inc. (805-543-1801) and Steve Davis of Mccarty Davis, Inc.(805-543-1801)