1215 Embarcadero Morro Bay CA 93442 MLS #SC24082289

1215 Embarcadero
Morro Bay, CA, 93442
$6,750,000
Beds
0 Baths
SqFt
0 Acres
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.

Property Details

Price:
$6,750,000
MLS #:
SC24082289
Status:
Active
Baths:
0
Address:
1215 Embarcadero
Type:
Commercial
Subtype:
Specialty
Neighborhood:
mrbymorrobay
City:
Morro Bay
Listed Date:
Apr 1, 2024
State:
CA
ZIP:
93442
Year Built:
2020
Ask a Question

See this Listing

Send
  

Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

More About JoAnn

Mortgage Calculator

 

Schools

Interior

Exterior

Stories Total
2
Water Source
Public

Financial

Map

Community

Similar Listings Nearby

1215 Embarcadero
Morro Bay, CA