1215 Embarcadero

Morro Bay, CA 93442

$6,750,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

2020

calendar_month Built

Property Description

McCarty Davis is pleased to offer the opportunity to purchase the Morro Bay Landing situated on the water 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.

Listing Information

List Price $6,750,000
Status Active
MLS SC24082289
Type Commercial
Subtype Special Purpose
Year Built 2020
Lot Size 5,239
Structure Size N/A
DOM 132
Courtesy Of McCarty Davis, Inc.
Listing Agent Steve Davis DRE#01843738
Co-Listing Agent Stephen McCarty DRE#00977930

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Steve Davis, Stephen McCarty, McCarty Davis, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:27 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.