$ 6,750,000
1215 Embarcadero Morro Bay, CA 93442
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Listed by Steve Davis • McCarty Davis, Inc.
$ 6,750,000
Est. payment /mo
Active
1215 Embarcadero Morro Bay, CA 93442
5,239 SqFt
UPDATED:
10/23/2024 12:26 AM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,239 sqft
Price per Sqft $1,288
MLS Listing ID CRSC24082289
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2020
Lot Size 5,239 Sqft
Property Description
Morro Bay Landing is situated on the waterfront in Morro Bay, CA. The recently constructed commercial building and boat docks provide three individual income streams. The project consists of a +/- 5,239 SF multi-tenant retail building, 25 boat slips and Kayak and Paddle Board storage lockers. With a gross income just north of $500,000, this leasehold interest (36 years on the existing lease with an exclusive right to renegotiate), is priced at a 6 cap and the owner is motivated to sell.
Location
State CA
County San Luis Obispo
Interior
Fireplace No
Building
Water Public
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