1215 Embarcadero
Morro Bay, CA 93442
0.12 acres | #SC24082289
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.
Property Details
- CountySan Luis Obispo
- Property SubtypeSpecialPurpose
- Original List Price$6,750,000
- MLS #SC24082289
- MLS #SC24082289
- Property TypePurchase
- Cost6750000
- Acres0.1203
- Utility SourcePublic
- Lot DescriptionLevel
- Year Built2020
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Steve Davis (#SL01843738)
Listing Office: McCarty Davis, Inc. (#SL125)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
