CA > Morro Bay
Morro Bay, CA 93442,1215 Embarcadero
Morro Bay, CA 93442,1215 Embarcadero
Morro Bay, CA 93442,1215 Embarcadero
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$6,750,000
Est. payment /mo
5,240 Sqft Lot
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UPDATED:

10/22/2024 04:49 PM

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

MLS Listing ID SC24082289

HOA Y/N No

Year Built 2020

Lot Size 5,240 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

Area Mrby - Morro Bay

Interior

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

Read Less Info
California Regional MLS (CRMLS)
Listed by Steve Davis • McCarty Davis, Inc. • 805-704-5727

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