781 Market Avenue

Morro Bay, CA 93442

$3,890,000

Listed Price
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shower Baths

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straighten $55 / sqft

calendar_month Built

Property Description

Seeking Buyer/Lessor to develop a hospitality property delivering tax generating benefits on City-owned property. The City is offering this property to a Lessor/Buyer with the intent they develop a hospitality project generating on-going TOT (Transient occupancy tax). The zoning allows for a wide range of tourist service uses; Zoned C-VS/PD/S.4 (existing restaurant and parking lot) and C-VS/PD/S.3/S.4 (upper parking lot). The project sits partially on the Embarcadero, the main tourist area in Morro Bay. The balance of the property rises up and sits on the bluff overlooking the Embarcadero and Morro Bay. Subject property is +/- 1.60 Acres. Call listing agent for showing instructions. Pre-approval required for touring property. Purchase Price: $3,890,000 per most current appraisal, 2021. Call for more details.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 781 Market Avenue
City Morro Bay
State CA
Zip 93442
County San Luis Obispo
Listing Agent Stephen McCarty DRE#00977930
Co-Listing Agent Steve Davis DRE#01843738
Courtesy Of McCarty Davis, Inc.
MLS SP21011224
List Price $3,890,000
Status Active
Type Land
Structure Size N/A
Lot Size 69,696
DOM 1084

Exterior Information

Maps

Listing information courtesy of: Stephen McCarty, Steve Davis, McCarty Davis, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 6th, 2024 at 9:28 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.