Morro Bay, CA 93442,495 Morro Bay BLVD
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Morro Bay, CA 93442,495 Morro Bay BLVD
Morro Bay, CA 93442,495 Morro Bay BLVD
Morro Bay, CA 93442,495 Morro Bay BLVD
Morro Bay, CA 93442,495 Morro Bay BLVD

$1,800,000

Est. payment /mo

$2,050,000

12.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

495 Morro Bay BLVD Morro Bay, CA 93442

4,356 Sqft Lot

SOLD DATE : 02/20/2024

Key Details

Sold Price $1,800,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SC23180450

Sold Date 02/20/24

HOA Y/N No

Year Built 1977

Lot Size 4,356 Sqft

Property Description

Discover an exceptional investment opportunity in Morro Bay, California, with this remarkable single-level commercial property at 495 Morro Bay Blvd. Zoned for retail trade and currently operating as one of the town's two exclusive cannabis dispensaries, this fully renovated 3,914 sq ft property presents a rare chance for investors. Featuring strategic corner placement for maximum visibility, proximity to the ocean, a 8.5% cap rate from a lease with one of the largest distributors and cultivators in the United States, and an array of amenities such as 24-hour security, restrooms, a break room, lobby, electric charging, Solar and key card entry, this offering is poised for success. Don't miss out on securing your place in Morro Bay's thriving retail landscape; contact us today for a viewing and explore the endless potential this property offers at an asking price of $2,050,000.

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Laundry None

Exterior

Fence Security

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description Across the Road from Lake/Ocean,Ocean Side Of Freeway

Roof Type Flat

Building

Lot Description Corner Lot, Rectangular Lot, Street Level

Story 1

Water Public

Others

Tax ID 066064021

Security Features Security System,Carbon Monoxide Detector(s),Fire Sprinkler System,Gated with Attendant,24 Hour Security,Key Card Entry

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Andrew Richardson • Richardson Sotheby's International Realty • [email protected]
Bought with Aaron Young • 1917 Brokerage
agent

Zach Cummins

Real Estate Advisor | License ID: DRE 02083898

+1(360) 393-0217

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