$ 6,750,000
1215 Embarcadero Morro Bay, CA 93442
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,750,000
Est. payment /mo
Active
1215 Embarcadero Morro Bay, CA 93442
5,239 SqFt
UPDATED:
09/30/2024 06:27 PM
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 5,239 sqft
Price per Sqft $1,288
MLS Listing ID SC24082289
HOA Y/N No
Year Built 2020
Lot Size 5,240 Sqft
Acres 0.1203
Property Description
McCarty Davis is pleased to offer the opportunity to purchase the Morro Bay Landing situated on the water 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.
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
Area Mrby - Morro Bay
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Waterfront Description Bayfront,Ocean Front
Building
Lot Description Level
Story 2
Water Public
Others
Tax ID 940000146
Special Listing Condition Standard
Listed by Steve Davis • McCarty Davis, Inc. • 805-704-5727