Waterfront
Address
201 203 Main Street Morro Bay, CA
Price
$ 4,000,000
Property Attributes
  • MLS#SC21051872
  • TypeCommercial
  • CountySAN LUIS OBISPO
  • CityMorro Bay
  • AreaMorro Bay
  • Zip93442
  • StyleMixed Use
  • Price$ 4,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.55 Acres
Listing Provided Courtesy Of:
Dean Marchant with Morro Shores Real Estate.
Data Source:
CRMLS
Property Description

Own water front property on The Central Coast! 100% occupied! Marina with 30 boat spaces, 3 Houses and a Commercial office. This property literally runs itself with zero employees. Easier than a car wash or laundry. Covid has been no issue for this business, All rents have been paid for the past eight years. At four million it's an easy 5 cap and possibilities are endless for extra income if someone wants to make an effort. The water underneath is leased from the City of Morro Bay with 12 years left on current lease and a 20 year option. A great cash business that won't be on the market long.

Price History
3/12/2021 Listed $4,000,000

General Features

Additional Parcels Y/N Yes
Appliances Dryer, Washer
Listing Agent Dean Marchant - BRE#01064170
Listing Agent State License 01064170
MLS Area MRBY - Morro Bay
Property Sub Type Additional Mixed Use
Property SubType Mixed Use
Property Type Commercial Sale

Interior Features

Laundry Features Common Area, Laundry Room, Outside

Exterior Features

Lot Features 0-1 Unit/Acre, Sloped Down
Lot Size Acres 0.55
Lot Size Area 23995
Lot Size Source Assessor
Lot Size Square Feet 23995
Lot Size Units Square Feet
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93442

Price
AVG $1.75M
$4M
Visits
AVG 20
19
Walkscore
AVG 65
37
Data Provided by Walkscore ® not using MLS data

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