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781 Market Avenue

Morro Bay, CA 93442
  • $2,498,000
  • STATUS: Active
  • ON SITE: 191 days
  • ID#: SP21011224
UPDATED: 40 min ago
$2,498,000
  • 0
    BEDS
  • 1.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

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 +/- 1.42 Acres. Call listing agent for showing instructions. Pre-approval required for touring property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T21:25:40.563. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/113370999
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781 Market Avenue Morro Bay, CA 93442

  • Price: $2,498,000
  • Status: Active
  • Updated: 40 min ago
  • ID#: SP21011224
0
Beds
0
Baths
0
½ Baths
1.42
Acres
Neighborhood:
Embarcadero(750)
County:
San Luis Obispo
Area:
MRBY - Morro Bay
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 +/- 1.42 Acres. Call listing agent for showing instructions. Pre-approval required for touring property.
Exterior Features

Lot Features Lot Over 40000 Sqft View Bay View YN Yes

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest Planned Development Community Features Sidewalks Land Lease YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Cvs/Pd/S.3/S.4Cvs/Pd/S.4

Listing provided courtesy of Stephen Mccarty of Mccarty Davis, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T21:25:40.563. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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